Zhongguancun Science Park's sub-park in Beijing's Fengtai district is aiming to achieve a rail transit industry revenue of over 300 billion yuan (US$45.59 billion) by 2022, according to its three-year action plan released recently.

The Fengtai Park will enhance its innovation capacity by building four national R&D and industrialization platforms and pursuing landmark outcomes, the plan says.

The plan also includes setting up an industrial promotion agency and at least two industrial investment funds, as well as attracting at least one industrial talent training organization, so as to upgrade industrial services.

In addition, the park aims to cultivate small and medium enterprises in its 50,000-square-meter innovation hub and establish innovation platforms in a 55,000-square-meter area.

The park has also set a goal of attracting over 170 companies, including three to five renowned multinationals, to take offices by 2022.

So far, Fengtai Park has brought together 143 rail transit companies, including China Railway, China Railway Signal and Communication, and Traffic Control Technology. They form a complete industrial chain from technological research and development, survey and design, intelligent control, to engineering construction and operation services.

The rail transit industry cluster at the park has achieved a total annual revenue of over 100 billion yuan for each of the past five years.

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