Urumqi Rmb2.3 billion Line 2 Metro PPP Project

20/3/2014
PPP, Project development

Rmb 2.3 billion

$ 333 million

Announced

20/3/2014


Overview:

  • The Urumqi Metro is a metro system under construction in Urumqi, capital of the Xinjiang Autonomous Region in China—it has submitted plans for 7 lines totalling 211.9 km in length with a total estimated cost of Rmb31 billion ($4.5 billion).
  • The Urumqi Rmb2.3 billion Line 2 Metro project is the first metro PPP project in Urumqi and it is one of the demonstration projects of the Ministry of Finance.
  • Line 2 will connect the downtown area and the newly developed high-speed rail district of Urumqi improving the overall convenience of Urumqi's public transportation network making passenger journeys faster and easier. 
  • The project aims to modernise Urumqi’s transportation network and support the One Belt and One Road development strategy proposed by China.  

Adam Majeed - Regional editor

Jurisdiction:

China

Deal types:

PPP
Project development

Practice areas:

Project development
PPP/PFI

Industry sector:

Transport


Firms: