Shanghai Rail Transit Operation Company was officially unveiled Shanghai

On the morning of December 26, the second Yangtze River Delta Regional Cooperation and Development Joint Conference in 2024 was held in Huzhou City, Zhejiang Province. At the meeting, the executive vice governor of three provinces and one city unveiled the plaque for the Shanghai Rail Transit Operation Co., Ltd.
In order to speed up the construction of the "Yangtze River Delta on the track" and better play a leading and exemplary role, according to the work deployment of the National Development and Reform Commission, in June this year, the Development and Reform Commissions of Shanghai, Jiangsu Province, Zhejiang Province and Anhui Province signed the "On the Establishment of Yangtze River Delta Rail Transit" at the High-level Forum on the Integrated Development of the Yangtze River DeltaFramework Agreement for Cooperation of Operating Companies. In July, the Yangtze River Delta Regional Cooperation Office issued the "Three-Year Action Plan for the Integrated Development of the Yangtze River Delta Region (2024-2026)" in Shanghai, which clearly listed "establishing a working mechanism for the integrated operation of rail transit and studying the establishment of a Yangtze River Delta rail transit operation company" as a planned task. In accordance with the requirements of the cooperation framework agreement and action plan, the Development and Reform Commissions of Shanghai, Jiangsu, Zhejiang Province and Anhui Province have studied and formed a plan for the establishment of the Yangtze River Delta Rail Transit Operating Company and actively promoted the establishment of the company.
Under the overall arrangement of the Shanghai Municipal Development and Reform Commission, Shanghai Shentong Metro Group Co., Ltd. actively carries out the rail transit around ShanghaiPreparatory work for the operation of the company, and discuss the formation of the company with Jiaxing Railway and Rail Transit Investment Group Co., Ltd. and Suzhou Intercity Railway Co., Ltd. By the end of September, the three parties negotiated and formed the basic framework of the investment cooperation agreement and the company's articles of association. In November, with the strong coordination and support of the National Development and Reform Commission and the State Administration for Market Regulation, Huanhu Rail Transit Operation Co., Ltd. was allowed to use the enterprise name without administrative divisions, and it was officially approved. On December 3, the first shareholders' meeting and board of directors of Huanhu Rail Transit Operation Co., Ltd. was held in Shanghai, and it was officially registered in Xuhui District, Shanghai on December 10.
With a registered capital of 50 million yuan, Huanhu Rail Transit Operation Co., Ltd. is jointly funded by Shentong Metro Group, Jiaxing Railway Investment Group and Suzhou Intercity Company, of which Shentong Metro Group accounts for 40%, Jiaxing Railway Investment Group accounts for 30%, and Suzhou Intercity Company accounts for 30%. Huanhu Rail Transit Operation Co., Ltd. is entrusted with the operation and management of inter-provincial lines in the near Shanghai area that does not assume the functions of the national railway network. The establishment and unveiling of Huanhu Rail Transit Operation Co., Ltd. marks a new breakthrough in building the "Yangtze River Delta on the track", hardware connectivity and mechanism coordination in the Yangtze River Delta.
In the later stage, Huanhu Rail Transit Operation Co., Ltd. will study and establish relevant technical standards, lay the foundation for subsequent operations, give full play to the respective advantages of the three provinces and one city, promote the integration of inter-provincial intercity and municipal railway operations in the Yangtze River Delta region, and serve the rapid economic development of the Yangtze River Delta and the convenient travel of the people.