I. Introduction to Xiamen Rail Transit Group
Xiamen Rail Transit Construction & Development Group Corporation Limited (hereinafter referred to as “Xiamen Rail Transit Group”), formerly known as Xiamen Rail Transit Group Co., Ltd., was established in November 2011, and is a large state-owned enterprise funded and supervised by the State-owned Assets Supervision and Administration Commission of Xiamen Government. The Group has a registered capital of 30 billion yuan, total assets of more than 180 billion yuan.
Positioned as a provider of rail transit investment, construction, operation and travel services, Xiamen Rail Transit Group specializes in three segments: transportation investment and construction, rail transit operation and management, and urban development and operation management along the rail line. It has the advantages of being a regional leader in rail transit project construction management and operation preparation, as well as the advantages of experience in real estate development and agent construction of major engineering projects. It strives to become a platform for urban development, investment promotion and operation regarding rail transit construction, property along the rail line and public transportation, as well as an industrial investment platform integrating rail transit construction financing, development and operation.
II. Overall Planning of Xiamen Rail Transit Network
1. Network Planning
Xiamen’s rail transit network is planned with 12 lines in length of 411 km (excluding the Jiaomei Extension Section). Currently, two rounds of construction planning and adjustment have been approved, covering a total of 5 lines in length of 232 km. Among them, three lines have been completed and opened to traffic, and two are under construction, thus basically forming the network framework of "radiating from the center and developing around the bay", which has been extended to Jiaomei, Zhangzhou.
2. Construction planning:
Metro Lines 1, 2 and 3 (Xiamen Railway Station-Caicuo Station section) have been opened to traffic, with a total operational length of 98 km.
II. Industrial Orientation and Investment Key Elements
According to the features of rail transit, investment promotion primarily includes investment promotion for lands and other key elements.
Investment promotion for lands: The comprehensive development plots of rail transit are distributed along the rail transit lines. The TOD development concept of "integrating station and city, giving priority to industry, combining functions and offering comprehensive operation" is advocated to plan residential, commercial, office, rental apartment, hotel, industrial park and other multi-functional complexes, and to introduce high-level urban integrated operators and developers for cooperative development. Currently, a number of integrated development projects have been developed, including Joy City Commercial Complex, Jimei Software Park TOD Complex, and Cloud Skyscraper.
Investment promotion for other key elements: It covers the total process of rail transit planning, design, construction, equipment and operation, including attraction of famous survey and design institutes to set up a branch in Xiamen; central enterprise contractors to set up a project department in Xiamen; large-size equipment manufacturers to found a joint venture withlocal state-owned enterprises; and domestic and overseas operation and management enterprises to participate in route operation and management, with an aim to establish a rail transit industrial chain.
