Partnership with MTR, Adding Power to the Operation of Beijing Metro Line 4

With the speeding-up of Beijing new subway construction, life in Post-Olympics Era is getting more and more convenient. Beijing JFsys Computer Systems Co., Ltd. (JFsys) concluded a software development contract with Beijing MTR Corporation right after the Chinese Spring Festival, which signals a good starting of the Year of Ox.

As a try-out of Beijing new subway construction and operation model, Beijing MTR Corporation, in the form of joint venture by Beijing and HK, owns the right for the operation and management of Beijing Metro Line 4 and Daxing Line. The cooperation again proves JFsys technical strength and management level. Meanwhile, it provides a new platform for JFsys to enlarge its influence and to explore the potential opportunities.

Subway industry requires high standards and strict measurements for its operation management software. By availing its standardized management, outstanding performance and sound reputation, JFsys was short listed as bidder together with other three famous software companies by Beijing MTR Corporation. And finally, JFsys was chosen as the cooperation partner in the field of MTR software development for its excellent technical proposal and quick response.

JFsys will provide high quality and efficient software products and service to Beijing MTR Corporation based on CMMI system. And it will endeavor its best to the development of Beijing subway.

About Beijing MTR Corporation

On December 4, 2004, Beijing Infrastructure Investment Co. Ltd (BII) and Beijing Capital Group (BCG) entered into an Agreement in Principle with MTR Corporation (MTR) to jointly invest, construct and operate Beijing Metro Line 4 in mode of Concession Business. The duration of the Concession period of Beijing Metro Line 4 is 30 years, the total investment is RMB 15.3 billion, including 70% from Beijing Municipal Government and 30% from the PPP company.

On February 7, 2005, the three PPP partners initialed a Concession Agreement with Beijing Municipal Government, the duration is 30 years upon the completeness of the whole project. The total investment of the PPP company is RMB 4.6 billion and the registered capital is RMB 1.38 billion. BCG and MTR each hold 49% of the PPP company respectively, BII holds the rest 2%. The registered name of the PPP company is Beijing MTR Corporation.

Within the concession duration, Beijing MTR Corporation Limited owns concession right for the operation and management of Beijing Metro Line 4, and also owns the business right inside the 24 stations along the line.

From http://www.mtr.bj.cn/engsjj.html