The first privately run high-speed railway and the demonstration project transportation infrastructure completed under public-private partnership in China.
The new high speed line links the World Cultural Heritage Sites of the Archaeological Ruins of Liangzhu (which date to between 3300-2300 BCE) with the Beijing-Hangzhou Grand Canal (the world’s longest and largest ancient canal), the West Lake Cultural Landscape of Hangzhou, and the Yandang Mountain World Geopark.
In doing so, the line brings renewed opportunity to the Road of Tang Poetry in Eastern Zhejiang (thanks to the efforts of the great Tang poet Li Bai) with a history of over 1400 years – supporting an economic and tourism belt along the high-speed railway.
Hang-Shao-Tai High-speed Railway has been awarded several major prizes, including the highest National Award for its Excellent Engineering Consulting Achievements and the National Award for Science and Technology Progress. It has patented over 50 inventions and utility models, showing the highest level of technology and management and a combination of eco-environmental protection and modern engineering technology.
During project construction, some 80,000 jobs were created, along with 160,000 indirect employment opportunities, and catering to more than one million passengers per month, the line has seen the local economy dramatically strengthened.
In the first quarter of 2022, the economy saw a 5% growth, contributing 2.9% to the local tourist industry, 4.2% to the newly-employed population, and 1.8% to GDP.
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Zhejiang Development & Planning Institute
Shanghai Sunvision Capital
