AI to power China’s first private-funded high-speed rail in Zhejiang Province

2019-07-19 09:16:01
Summary:China's first private-funded railway, which connects Hangzhou, Shaoxing and Taizhou in Zhejiang Province, will b...
China's first private-funded railway, which connects Hangzhou, Shaoxing and Taizhou in Zhejiang Province, will be the country's first railway systemically powered by artificial intelligence (AI), domestic news site reported on Thursday.

China Railway Gecent Technology Co (CRGT), a joint venture funded by China Railway Investment Corp, automaker Zhejiang Geely Holding Group and internet giant Tencent, will equip the 269-km-long Hangzhou-Shaoxing-Taizhou railway with technologies including AI to manage passenger flow in train stations, parking lots announcement and advertisement billboards distribution.

Pan Yunbin, CEO of CRGT, said that the company will deploy the most advanced information and communication technology available now to build the new rail line, instead of going through laborious and often ineffective technological conversions on existing lines.

Having machines manage station lighting and miscellaneous equipment could cut costs. For instance, electricity bill at the stations would be reduced by one third, according to Pan.

It is revealed in the report that the construction for the new railway is 35 percent completed, while the construction of its biggest station has commenced on June 27 and the railway is on track to become operational in 2021. Construction of the railway started in late 2016.

The Hangzhou-Shaoxing-Taizhou railway is majority-owned by a private consortium comprising Fosun Group, Zhejiang Wanfeng Auto Holding Group and Zhejiang Geely Holding Group.

The railway is one of the eight key projects that heavily rely on private investment, the National Development and Reform Commission said. 

CRGT's main business includes constructing and operating China's high-speed train Wi-Fi platform.

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