China Railway Group said it recently entered into a cooperation agreement with the Urumqi Construction Committee for the Public-Private-Partnership (PPP) project of Phase One of the Urumqi Metro Line 3 (Urumqi, Xinjiang Uyghur Autonomous Region).
The total length of the project is 21.2 kilometres. It starts from Cangfanggou Station in Saybagh District, Urumqi in the south and ends at Sangong North Station in Xinshi District, all of which are underground and there are 18 stations along the track.
The total investment amount of the project is around Rmb 17.388 billion (2.3 billion euros). The concession period of the project is 35 years, among which the construction period is five years and the operation period is 30 years.
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