China's first maglev railway to be named through bidding process
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| 19-Feb-2003 - |
The right to name China's first maglev railway, located in Shanghai, will be put to tender on Mar.5 at a starting price of eight million yuan (about 963,855 US dollars). Song Xiaoyun, deputy general manager of the Shanghai Maglev Transportation Development Co., Ltd., said the winners will enjoy the naming right for two years. They will also be entitled to advertise in the train over the same period. In addition, a specific number of seats on every train will be reserved for the winners. To date, more than ten domestic and overseas enterprises have offered their bids, Song said. According to him, the Shanghai maglev railway, whose total investment topped 10 billion yuan (about 1.2 billion US dollars), is the first of its kind for commercial operation in the world. |
| 19-Feb-2003 - |
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