Jiangxi opens private rail line

The first private railway line in Jiangxi province was put into operation on Tuesday, Beijing's China Times reported.

The 3.89-kilometer-long line, approved in 2010, cost 130 million yuan ($21 million) and connects Yugan county's industrial zone with the Beijing-Kowloon line.

Jiangxi Mingri Group were the main investors. Based in Yugan, the group's business spans silk products, mineral water and petroleum.

The new railway line will help the company to transport petroleum and greatly reduce logistic costs.