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Beijing-Shanghai Rail Operator Zips Into Lesser-Traveled Anhui

2020年06月29日 19:41 来源于 财新网
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National rail operator plans to use IPOs for cash-rich lines to fund some of its newer, less lucrative lines
The Shangqiu-Hefei-Hangzhou high-speed rail line passed a milestone on Sunday when it began service on the final 309-kilometer section connecting Hefei, capital of Anhui province, and the city of Huzhou in adjacent Zhejiang province.

The newly listed owner of the lucrative Beijing-Shanghai high-speed rail line has launched service on a recently-acquired, lesser-used line in Anhui province, as part of the national rail operator’s plan to tap financial markets to pay down its massive debt.

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