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BTS-CITIC bids to operate new Beijing subway line

BTS-CITIC Consortium has submitted the tender proposal and the bidding documents to enter into the bidding for the concession to operate the Beijing Subway Line 16 Franchise Project for a 30-year operation period, according to the filing to BTS Group Holdings Public Company Limited to the Stock Exchange of Thailand on Friday.

The consortium was jointly formed by BTS Group Holdings and CITIC Construction Co., Ltd - the latter is an affiliate of CITIC Group Corporation (CITIC).

Beijing Subway Line 16 is a new subway line in western Beijing, having a north-south route from Beianhe to Wanping, totaling 29 stations, with a combined track length of 50 km. This line is expected to commence operations in 2018.

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