The China Development Bank (CDB) Zhejiang branch signed a deal
with the Zhejiang Provincial Railway Investment Group Co. Ltd.
(ZPRIG) on January 9, 2008. According to this deal, the CDB will
lend the ZPRIG 3 billion yuan to build the Nanjing-Hangzhou,
Shanghai-Nanjing and Hangzhou-Shanghai railways in the Yangtze
River Delta region, the Caijing Magazine reported.
When these railways are finished, it will only take 72 minutes
to travel between Shanghai and Nanjing, 60 minutes between Nanjing
and Hangzhou and 50 minutes between Hangzhou and Shanghai.
For more details, please read the full story in Chinese. (
http://www.caijing.com.cn/home/headline/2008-01-15/45339.shtml)
(China.org.cn January 15, 2008)
