Raffles Infrastructure to build tourist railway in China for $1.2 bil

SINGAPORE (Oct 22): Raffles Infrastructure Holdings, the company formerly known as China Fibretech, is building a 70km tourist railway with a contract value of RMB6 billion ($1.2 billion).

To be completed in four stages, Phase 1, which stretches from 2018 to 2020, will be for the building of the railway between Songshan’s Tourist Centre to Shaolin Temple Tourist Area; Phase 2 from 2020 to 2022 will be for the completion of the building of railway between the tourist centre to Songshan’s Study Courtyard and Zhongyue Temple. Phase 3, for the building of tourist railway between temple to Luya aWaterfall and Safari Zoological Park, will last from 2022 to 2024. Finally, Phase 4 which runs from 2024 to 2026 will be to complete the building of tourist railway between the park and Chaoyanggou Xiqu Town.

Wholly-owned subsidiary, Raffles (Chengdu) Investment and Development Co signed a framework agreement with the Tourism Board of the People’s Government of Dengfeng and Chengdu Tianfu Railtech Valley Technology Co.

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