Wenzhou railway project attracts investors

The State-owned railway infrastructure project in Wenzhou, Zhejiang province, has attracted numerous private investors, and the fundraising process for the first phase has been completed two months ahead of schedule. The first installment of 1.5 billion yuan ($241 million) worth of S1 line shares was made available for investors through April, but it was sold out in late February. The formal sale of 50 percent of the shares in the S1 railway line - a planned 52.22-km route - was launched in December 2012 with a starting price of 10,000 yuan.

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