Phase 1 of Beijing Metro Line 14 opens to serve Beijing commuters

The first phase of MTR Corporation’s third metro project in Beijing – Beijing Metro Line 14, opened today (5 May 2013) to serve commuters in the capital city. The 12.4-kilometre section of the new line features 7 stations from Zhangguozhuang Station to Xiju Station in the southwestern part of Beijing.

The new line is operated by Beijing MTR Corporation Limited (Beijing MTR), a joint venture between MTR Corporation, Beijing Capital Group Limited and Beijing Infrastructure Investment Corporation Limited. The company currently also operates Beijing Metro Line
4 and the Daxing Line extension.

“This is another major milestone for the Corporation’s growth in the Mainland,” said Mr Jay Walder, Chief Executive Officer of MTR Corporation. “It is also our honour to continue to be part of the rapid development of the capital city by contributing our expertise and commitment to serve commuters in Beijing by providing safe, convenient and quality metro service.”

“Upon the initialling of the Concession Agreement in November 2012, our team quickly geared up for the opening of the first phase of Beijing Metro Line 14, especially as one of the new stations Garden Expo Park Station will serve local and international visitors to the 9th China (Beijing) International Garden Expo set to open on 18 May 2013,” said Mr Richard

Wong, General Manager of Beijing MTR. “The first phase opened today is connected to the rest of the metro network. Passengers can interchange at Xiju Station which offers convenient transport connections to and from the southwestern part of the city.”

The civil construction of the new line, which started in 2010, is being undertaken by the Beijing Infrastructure Investment Corporation Limited. Under a Public-Private-Partnership (PPP) arrangement, Beijing MTR is responsible for the electrical and mechanical systems as well as the rolling stock. This part takes up about 30% of the project’s capital cost and amounts to about RMBÂ¥15 billion. As part of the Concession Agreement, Beijing MTR will operate the line for a term of 30 years.

When completed, the 37-station Beijing Metro Line 14 will stretch from Zhangguozhuang Station in the southern Fengtai District to Shangezhuang Station in the eastern Chaoyang District. The new line is expected to go into full operations in 2016.

beijing-metro

Source : 4. Traders

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