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Project
unit: Tianjin Underground Railway Corporation
Brief introduction to the project: Construction of 26.2
km-long subway
Total investment: (10,000 US dollars) 83000
Form of investment: Co-funding and cooperation
Proportion of investment: 50%
Period of capital recapture: 21.2 years
Person to contact: Wang Hongjing
Tel.: 86-22-23304708
Fax: 86-22-23310109
EMAIL tjmetro@ public. tpt.ty.cn
Market prediction
The Tianjin No. 1 subway line from Liuyuan to Shuanglin
is the extension to the north and south of the existing
subway and the sections from Liuyuan to the West Railway
Station and from Xinhua Road to Shuanglin will be the newly
constructed lines to form the complete No.1 subway line
with the existing section from the West Railway Station
to Xinhua Road. With a total length of 26.2 km (including
the 7.4 km-long existing section and the 18.8 km-long new
extended section), the Tianjin No.1 subway line consists
of the underground, ground and overhead railways with 23
subway stations along the line (including 14 underground
stations, 1 ground station and 8 overhead stations), 2 rolling
stock stations and 1 control centre. The total investment
of the project is 6.896 billion yuan (RMB).
It is estimated that the flow of passangers will reach
0.235 billion person-times/a in the initial stage after
the completion of the subway, 0.395 billion person-times/a
in the near future and 0.494 billion person-times/a in the
long run, thus onaking the subway a north-south trunk line
of track traffic network in Tianjin. At present, the track
communications has become a hot spot in the new round of
urban communications construction in China. During the Tenth
Five-Year Plan period, Tianjin will complete its No. 1 subway
line. The completion of the subway will effectively relieve
the pressure on ground transport, greatly facilitate the
citizens going ont and energetically promote the sustainable
development of the city's economic construction.
Survey of the Chinese enterprise
Founded on Oct. 13,2000, the Tianjin Underground Railway
Corporation is a statie-owned enterprise with registered
capital of 50 million yuan (RMB) and its legal represontative
is L¨¹ Dayong. The corporation is under the Tianjin Bureau
of Municipal Works and the only construction unit for the
fast track communications of Tianjin City defined by the
Tianjin Municipal Government. At present, it is making preparations
for the construction of the No. 1 Tianjin subway line, which
has been listed as a focal project of Tianjin City and is
expected to receive the reply from the State Planning Commission
for the development of the project soon. The municipal government
has decided to speed up the development of fast track communications
in the city, so the subway construction in Tianjin has broad
prospects for development and is expected to undergo major
development in recent years.
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