(Yicai Global) Oct. 16 -- The Tangshan Municipal Government of Hebei province in east-central China and two infrastructure investment companies have entered into an agreement to jointly build urban rail transit facilities, including a magnetic levitation train (maglev).
Tangshan will build development projects such as research and development and production bases for rail cars and key components and a Beijing-Tianjin-Hebei intercity railway maintenance base, while providing comprehensive solutions for urban rail transit and intercity rails, per the agreement, as The Paper reported yesterday.
The first Beijing-Tianjin-Hebei inter-city railway is currently 70 kilometers in length, and its maximum speed is 160 kilometers per hour (km/h). In contrast, the medium-speed magnetically levitated train of 200 km/h is faster and further shortens the relative distance between cities. The low- and medium-speed magnetically levitated train of 100 km/h will become one of the main trunks from the city center to the suburbs in the future, experts explained.
Low- and medium-speed magnetically levitated trains manufactured by CRRC Corp. [SHA:601766] Tangshan branch have arrived in Beijing to serve as the Chinese capital's first maglev line. The train holds up to 1,302 passengers and tops out at 100 km/h. It costs 33 percent less than the subway.
Tangshan City is an important area for coordinating Beijing-Tianjin-Hebei regional development, and this year, it signed off on 270 cooperative projects with Beijing and Tianjin worth over USD 15.2 million (CNY100 million). Commuting demand from the center of Tangshan to surrounding areas will be huge in future.