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Personal Investment Market News & Reports Daily News


CRCC consortium wins bid for Urumqi Metro Line PPP project

2016-06-30 09:35:00.0

[ET Net News Agency, 30 June 2016] China Railway Construction (CRCC) (01186) said the

consortium comprising the company, Beijing Infrastructure Investment and Beijing MTR

Construction Administration Corporation has won the bidding of Urumqi Metro Line No. 2

(Phase I) PPP Project.

The total length of the line under the project will be 19.35km with an estimated amount

of Rmb16.2 billion for the initial design.

The shareholding structure of the consortium will include Beijing Investment Company

(with 51% shareholding), Construction Administration Company (with 14% shareholding) and

China Railway Construction (with 35% shareholding) and China Railway Construction will

contribute capital of Rmb1.16 billion based on its shareholding percentage.

As the general engineering contractor of the project, China Railway Construction will

undertake two-thirds of the engineering of the project (with an estimated investment of

about Rmb5.77 billion). The concession period of the project will be 35 years with the

construction period of 5 years and operation period of 30 years. (HL)



* The news is provided by ETNet
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