SHENZHEN Metro Co. signed a package of 15 contracts at a ceremony at Wuzhou Guest House on Tuesday, marking the official start of the build-and-transfer projects for Metro lines 7, 9 and 11.
According to the contracts, China Railway Group, Sinohydro Group and China State Construction Engineering Corp. will be responsible for funding the three lines, which Shenzhen Municipal Government will purchase from those contractors after the projects are finished.
Construction of the 30-km Line 7, from Lishui Road in Nanshan District to Tai'an in Luohu District, is expected to cost 16 billion yuan (US$2.51 billion). Adding associated costs for the line, which will have 28 stations, raises that figure to 24.1 billion yuan.
Metro Line 9, a regional line linking Shenzhen Bay in Nanshan with Wenjindu in Luohu, is expected to cost 12 billion yuan under the build-and-transfer, or BT, contract. Line 11 will cover the city's west by running through Futian, Nanshan and Bao'an districts, and will be built by China Railway Group. It's the largest BT project in China's transportation industry, with investments estimated at 20 billion yuan, a total length of 51.7 kilometers and 17 stations. The line will start in the center of Futian District and end in Songgang, Bao'an District.
Shenzhen Metro and the three contractors plan to accelerate preparatory work for construction of the three lines.
The city plans a total of five new lines in the third phase of Metro network construction, which is expected to be finished in 2016. The city's Metro network will cover 348 kilometers when the five lines-also including Metro lines 6 and 8-are finished. The five lines are expected to cost a total of 80 billion yuan.
Source:Shenzhen Daily