Two businessmen from Philadelphia, Pa., have launched a bold project to develop and run a mass transit system with the local Chinese government in Fuzhou… If successful, it would be the country's first public-private railway system. Yet the road from idea to implementation can be especially challenging, say a number of observers, especially when dealing with Chinese officials on a transaction that involves buying real estate alongside transit lines.
Via Knowledge@Wharton.
Update: Related, Tim Worstall on private rail in Africa.
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