In the case of marine transport services, foreign investors are only permitted to establish joint ventures for operating fleets as of 2009, although the foreign investor's participation cannot exceed 49% (or 51% for international marine transport services),a restiction that has been removed in 2012. For inland waterway and rail transportation services,a foreign business entity shall only be permitted to establish a joint venture company in which the capital contribution of the foreign investor does not exceed 49%