Document:

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                                                                     EXHIBIT 4.9

SUMMARY OF THE FORMS OF THE SURVEYING AND DESIGN SERVICES AGREEMENTS FOR RAILWAY
   CONSTRUCTION AND THE CONSTRUCTION SERVICES AGREEMENTS FOR THE FOURTH LINE

   SUMMARY OF THE FORM OF SURVEYING AND DESIGN SERVICES AGREEMENTS FOR RAILWAY
                                  CONSTRUCTION

1.   Date of signing: May 15, 2006

2.   Names of projects, contracting parties and prices of agreements

<TABLE>
<CAPTION>
                                                                                  Prices of Agreements
No.   Name of Projects                            Contracting Party/Parties           (RMB10,000)
---   ----------------                            -----------------------------   --------------------
<S>   <C>                                         <C>                             <C>
1     Xintang-Pinghu of the Fourth Railway Line   The Fourth Survey & Design              3,172
                                                  Institute of China Railway

2     Guangzhou-Xintang Rural Passenger Line      The Fourth Survey & Design                732
      (K0+796~K2+080, K32+600~K43+900)            Institute of China Railway

3     Guangzhou-Xintang Rural Passenger Line      Guangzhou Institute of the               1270
      (K2+080~K32+600)                            Fourth Survey & Design
                                                  Institute of China Railway

4     Guangzhou-Xintang Rural Passenger Line      China Railway Electrification             238
      Electrification Works                       Survey Design & Research
                                                  Institute

5     Xintang-Pinghu of the Fourth Railway Line   China Railway Electrification             468
      Electrification Works                       Survey Design & Research
                                                  Institute

6     Guangzhou-Xintang Rural Passenger Line      China National Railway Signal             460
      Communication and Signals Works             & Communication Corporation

7     Xintang-Pinghu Rural Fourth Railway Line    China National Railway Signal             657
      Communication and Signals Works             & Communication Corporation
</TABLE>

3.   Outline of contracts

     The contracts consist of 11 parts, including the basis on which the
contracts are concluded, the sketch of projects and the phases and content of
surveying and design, the basis of surveying and design, the basis for
documentation, rights and obligations of both parties, breach responsibilities,
the delivery of designing document, surveying and design fees and their payment,
settlement of dispute, the effect of agreements and others, project management.

4.   Scope of service:

(a)  conducting feasibility studies;

(b)  surveying, including preliminary surveying, final surveying and
     supplemental surveying; and

(b)  design of construction works plans.

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4.   Payment terms:

     A 20% of the contracted sum to be paid within seven days of the agreement
becoming effective; a further 20% of the contracted sum to be paid within seven
days of the approval of the preliminary design documents; a further 50% of the
contracted sum within seven days of the submission of the construction works
plans and documents; the remaining 10% to be settled within seven days from
completion of the construction works.

           SUMMARY OF THE FORM OF THE CONSTRUCTION SERVICES AGREEMENTS

1.   Date of signing: Date of signing: May 15, 2006

2.   Names of projects, contracting parties and prices of agreements

<TABLE>
<CAPTION>
                                                                                  Prices of Agreements
No.   Name of Projects                            Contracting Party/Parties           (RMB10,000)
---   ----------------                            -----------------------------   --------------------
<S>   <C>                                         <C>                             <C>
1     Xintang-Pinghu Segment ZH-4                 China Railway 3rd Bureau             53426.4871
      Construction Services Agreement             Group Corporation Limited)

2     Xintang-Pinghu Segment ZH-6                 China Railway 13th Bureau             52281.162
      Construction Services Agreement             Group Corporation Limited)

3     Guangzhou-Pinghu Segment TXD-7              China Railway 11th Bureau             34898.556
      Construction Services Agreement             Group Electric Engineering
                                                  Corporation Limited; and
                                                  China Railway 25th Bureau
                                                  Group Electric Engineering
                                                  Corporation Limited

4     Guangzhou-Pinghu Segment TXD-8              The Second Engineering               28449.3681
      Construction Services Agreement             Corporation Ltd of China
                                                  Railway Electrification
                                                  Bureau Group

5     Guangzhou-Xintang Segment ZH-3              China Railway 13th Bureau            11141.0722
      Construction Services Agreement             Group Corporation Limited

6     Guangzhou-Xintang Segment ZH-1              China Railway 25th Bureau            19214.2167
      Construction Services Agreement             Group Corporation Limited

7     Guangzhou-Xintang Segment ZH-2              China Railway 18th Bureau            11698.5079
      Construction Services Agreement             Group Corporation Limited

8     Xintang-Pinghu Segment ZH-5                 China Railway 25th Bureau            49687.2047
      Construction Services Agreement             Group Corporation Limited
</TABLE>

3.   Outline of contracts

     The contracts consist of 48 parts, including the sketch of projects, time
limit for the projects, prices of the projects, quality of projects, designing
document, bodies and representatives of both parties at the scene of the
projects, the job of Party A, the job of Party B, the scheme of the progress,
delay of the start of projects, the extending of project period, the moving up
of the start of project,

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examination of project quality, examination and certification of hidden
projects, the change of design, the material and equipment provided by Party A,
the material and equipment purchased by Party B, the change of agreement prices,
down payment for the projects, examination and pricing of construction, payment
of project expenses, completion and examination of project, completion final
budget and transfer of fixed assets, sub-contract of project, environmental
protection, protection of cultural relics, rationalization proposals,
construction safety, force majeure, stop and suspense of project, breach, claim,
settlement of disputes, supplemental agreements, appendix to agreements, copies
of agreements, deposit for fulfilling the agreement, settlement of breaches,
bonus fund, contract management, co-ordination and cooperation, the adjustment
of project period, agreement files and the sequent of explanation, building of
honesty, project management.

3.   Scope of service:

     The contracting parties No. 1, 2, 4, 5, 6 and 7 shall provide such
services:

     (1) demolition and relocation;

     (2) construction works, including construction of roadbeds, bridges and
culverts, railway tracks, power network and buildings;

     (3) installation works, including installation of power network and other
operational equipment; and

     (4) provision of construction tools and equipment.

     The contracting party No. 3 shall provide such services:

     (1) demolition and relocation;

     (2) construction works, including construction of communications and
signaling systems, power network and buildings; and

     (3) installation works, including installation of communications and
signaling systems and power network.

4.   Payment terms:

     (1) Monthly pre-payment: 30% of the budget for each quarter will be paid to
the Contracting Party each month;

     (2) Quarterly and yearly assessment and payment: the balance of any
outstanding payment is settled on a quarterly and yearly basis, based on
assessment reports submitted by the Contracting Party and approved by the
Company;

     (3) Final assessment and payment: 95% of the total contracted sum is
settled based on the final assessment report submitted by the Contracting Party
and approved by the Company.

     (4) A 5% of the total of each periodic payment is retained and shall be
paid in accordance with the terms set out in the Construction Services
Agreement, including the satisfaction of the relevant quality standards and
completion of procedures for the transfer of the relevant fixed assets.<PAGE>
                                                                    Exhibit 4.10

               SUMMARY OF THE AGREEMENT BETWEEN GUANGSHEN RAILWAY
             COMPANY LIMITED AND GUANGZHOU ZHONGCHE RAILWAY ROLLING
           STOCK SALES AND SERVICES COMPANY LIMITED FOR THE LEASE OF
                              ELECTRIC TRAIN-SETS

Lessor: Guangzhou Zhongche Railway Rolling Stock Sales and Service Company
Limited

Lessee: Guangshen Railway Company Limited

Execution Date: June, 2006

Effective Date: June, 2006

Subject of Lease: 200km/h AC Drive Electrical Passenger Train Sets ("Train
Sets"), altogether eight sets, with each set having one motor unit, one trailer
unit and one control unit.

Purpose: The Lessee shall work as passenger train vehicle for Guangshen Railway
(including Jingjiu Railway).

Lease Term: A renewal of twelve (12) months from the expiration date set forth
in the original Lease Contract for 200km/h AC Drive Electrical Passenger Train
Sets, pursuant to which the lease term for the first train set shall be from
June 30, 2006 to July 1, 2007, and the lease term for the eighth train set shall
be from December 15, 2006 to December 16, 2008.

Lease Price:

(i) RMB1,123,750 per month for each "Train Set", including the maintenance fees
to be born by the Lessor.

(ii) RMB8,990,000 per month for eight "Train Sets"

Term and Method for the Payment of Rent

(i) Term for the Payment of Rent: The monthly rent for each "Train Set" shall be
settled according to the actual month for lease. The rent for the previous month
shall be paid in the current month. 95% of the monthly rent for the previous
month shall be paid in the first instance with the remaining 5% to be settled
and paid in the following month based on the actual calculation after the
calculation pursuant to the terms with respect to examination and assessment set
forth in the contract.

Liability for Maintenance and Repair for "Train Sets"

The Lessor shall be responsible for overhaul and intermediate overhaul and the
Lessee shall be responsible for routine maintenance.

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