Zhejiang Province in China is seeking private investments worth CNY3bn ($439m) to fund its railway construction programme.
Zhejiang Railway is planning to construct 24 railway projects by 2015, costing around CNY300bn ($44bn).
The provincial government is expected to provide CNY50bn ($7bn) for the projects, according to chinaknowledge.com.
A private-equity fund with Bank of China Group Investment has been launched by Zhejiang Railway.
