Municipal governments is also looked upon, as state energy is evident of state and municipal governments can also be looked upon, as state power is evident in an in an intercity railway financing regime . In the case of Hong Kong, we applied a cityintercity railway financing regime . In the case of Hong Kong, we applied a city-state state idea as is is (Z)-Semaxanib c-Met/HGFR empowered with anautonomous transport financing regime and land notion as it it empowered with an autonomous transport financing regime and land administration [23,33]. We centered on three key stakeholders: the government, the transit administration [23,33]. We centered on three essential stakeholders: the government, the transit agency, along with the genuine estate developer, every with diverse interests and obligations. By emagency, plus the genuine estate developer, every with diverse interests and obligations. By ploying a holistic energy method, their power relations are examined through three peremploying a holistic power approach, their energy relations are examined by way of 3 spectives–direction, strength, and mechanism. perspectives–direction, strength, and mechanism.Figure two. Analytical framework: stakeholder connection affecting the outcomes of LVC application Figure triangle indicates 3 power perspectives: direction, strength, and mechanism). Source: (the 2. Analytical framework: stakeholder partnership affecting the outcomes of LVC application (the triangle indicatesetthree energy perspectives: path, strength, and mechanism). Source: adapted from Wang al. . adapted from Wang et al. .4. The Shenzhen Case 4. 4.1. SZMC as Leading Stakeholder in LVC The Shenzhen Case4.1. SZMC as Leading Stakeholder in LVC The Shenzhen North Railway station (SZNRS) may be the principal intercity railway hub for The Shenzhen North Railway station(240 ha) ofis the principal intercityand 20 railway Shenzhen city, covering 2,400,000 m2 (SZNRS) land, with 11 platforms railway hub tracks. The station was the terminal station of your initial phase with the XRL–Guangzhou for Shenzhen city, covering two,400,000 m240 ha) of land, with 11 platforms and 20 railway South to Shenzhen North. terminal station station was connected to a number of national and tracks. The station was the By year 2015, thisof the very first phase with the XRL–Guangzhou regional HSR corridors, including the Beijing uangzhou line, to many national and South to Shenzhen North. By year 2015, this station was connected the Hangzhou uzhouShenzhen line, and the Nanning uangzhou line. This line, the Hangzhou uzhouregional HSR corridors, which includes the Beijing uangzhoustation was designated to fulfill two targets–to satisfy the long-distance travel demand from Shenzhen (and Hong Kong) Shenzhen line, plus the Nanning uangzhou line. This station was designated to fulfill residents to other main long-distance travel demand from Shenzhen (and time Kong) two targets–to satisfy the cities in China, and to effectively decrease the travel Hongbetween Guangdong and Hong Kong. residents to other major cities in China, and to efficiently reduce the travel time among Guangdong and Hong Kong.Sustainability 2021, 13,8 ofThe financing arrangement for the mainland section in the XRL Pinacidil Membrane Transporter/Ion Channel signifies the commencement of a brand new era of railway financing in mainland China, in which the state and provincial sector every injected 50 with the capital into the newly established railway project company–in this case, the Guangzhou henzhen ong Kong Passenger Devoted Line Co., Lt.