Beijing Capital, MTR to cooperate on rail line

Beijing Capital Group announced that it will cooperate with Hong Kong-based MTR Corp to build a fourth subway line in Beijing. Beijing Capital said it would build and operate the US$1.88 billion rail project. The Beijing municipal government will take a majority stake in the project, with remaining equity split between Beijing Capital and MTR Corp. Equity distribution between the two companies and the line's planned route, length and number of stations remain to be decided.