DeHeng Helped China Life Investment Holding Establish "China Life Investment – Chengdu Rail Transit" Infrastructure Debt Investment Plan

2019-09-09

On August 29th, the infrastructure registration notice was obtained for the "China Life Investment – Chengdu Rail Transit" Infrastructure Debt Investment Plan – which was set up with China Life Investment Holding Co., Ltd. as the trustee – following review by Insurance Asset Management Association of China.

Construction of rail transit is a booster for urban prosperity. At the same time, the "Chengdu-Chongqing Urban Agglomeration Development Plan" positions Chengdu as a national central city, emphasizing "promoting infrastructure interconnection" and proposes "to create the main axis for the development of Chengdu and Chongqing, speed up the construction of intercity rail transit, highways and transportation hubs along the line, and build a developed infrastructure complex corridor." This project is an investment in Chengdu Rail Transit Line 2 phase I and Line 2's western extension. With 26 stations in a total length of 31.49 kilometers, this subway line effectively alleviates the ground traffic pressure,  makes residences travel more convenient and punctual and also provides a solid foundation for the acceleration of Chengdu intercity rail transit construction and building Chengdu into a national central city.

As the special legal counsel for this infrastructure debt investment plan, DeHeng formed a project team headed by DeHeng Beijing office partner Huang Huazhen, supported by Li Xiaoyi and Zou Minjing. The team provided professional legal services for establishment of this investment plan, including legal due diligence, negotiation and drafting of the project contracts, modification and issuing of legal due diligence reports and legal opinions, which provided a solid guarantee for registration of this investment plan with its high quality and efficient services.