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Official: No listing plan for Beijing-Shanghai express rail

(chinadaily.com.cn)
Updated: 2009-08-06 15:15

The Beijing-Shanghai High-Speed Railway has not yet planned to be listed, Zhang Shuguang, chief of the transportation department of the Ministry of Railways (MOR), said at a recent news conference.

However, Zhang confirmed the listing for the existing Beijing-Shanghai Railway is being researched.

Rumors have been circulating that the high-speed railway will be listed in a package with the existing Beijing-Shanghai Railway, with the total asset amounting to 300 billion yuan ($43.90 billion).

An expert with the Institute of Comprehensive Transportation under the National Development and Reform Commission, China's top economic planner, said they have proposed two listing plans to the MOR designed for the high-speed railway. One plan is for the new railway to be listed alone; the other is it will get listed in a package with the existing Beijing-Shanghai Railway...

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