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Beijing Light Rail Gets Foreign Capital Support
The China Export and Import Bank (Eximbank) and the Beijing Subway Co. signed an agreement Tuesday, January 9, on the use of special loans to support Beijing's light railway project.
A spokesman for the Eximbank said that the contracted value is 14.111 billion yen, with an annual interest rate of 0.95 percent and a mature term of 40 years.
The light rail, starting from Xizhimen Railway Station and ending at the Dongzhimen public transportation hub, has a length of around 40.5 km, with a total investment of 6.57 billion yuan and will be operational in 2002.
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