On September 18, 2016, Luoyang Municipal People's Government approved the establishment of Luoyang Rail Transit Co., Ltd., a wholly state-owned company with a registered capital of 1 billion yuan.
On September 27, 2016, they received industrial and commercial business licenses, handled tax registration, and completed account setup.
On October 16, 2016, Luoyang Rail Transit Co., Ltd. was officially listed for operation.
Authorized by the Luoyang Municipal People's Government, Luoyang Rail Transit Co., Ltd. is responsible for the project investment, construction and operation of the rail transit project; advertising, communication, development and utilization of the surrounding land, and other franchise operations and investment and financing operations.
