First Private Railroad Acquisition

Dalian Tielong Container Logistics has made China's first purchase of a railroad line by a private company. It completed the 134 million yuan (US$16.5 million) acquisition of the 14 kilometer route after four months of negotiations. Private Economy News reports that while similar deals have been attempted in the past, this is the first one to be successfully completed. Tielong will control the route until 2020.

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