China Railway and the Government of Shanxi entered into a Strategic Cooperation Framework Agreement. According to their respective development plans, the parties intend to establish a comprehensive strategic cooperative partnership in infrastructure construction sectors through cooperation in various projects in the form of PPP, BOT, EPC and general contracting.
The projects will target railways, highways, urban rail transport, as well as the construction of Shanxi Science and Technology Innovation City, urban complex, urban integrated utility piping systems and sponge cities in Shanxi Province. The total investment of cooperation will be approximately RMB100 billion (12.6 billion euros), while the specific cooperative projects will be negotiated on a case by case basis. In the meantime, the parties will also actively explore other flexible and effective means of cooperation to enhance their strategic cooperative partnership.
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