Fosun Signs $6.9 Billion Railway Public-Private Project in China

Shanghai Fosun High Technology Group Co. signs 46.2b yuan ($6.9b) infrastructure project agreement in Hangzhou city, eastern China, according to co.’s wechat announcement late Wednesday. * Co. will have a controlling stake in the 270-km (168 mile) railway linking Hangzhou and Taizhou in Zhejiang province.

* Co. says this is the first private-led high-speed rail link in China.

— With assistance by Jeanne Yang

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