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China : China Railway Construction Corporation Limited announcement on bid-winning of a major project
Publish Date : 11-Mar-2020
Recently, a consortium comprising the subsidiaries of the Company, including China Railway 18th Bureau Group Co., Ltd. and other entities, won the bid for the Integrated Development Project of Shengzhou City Area.
The project adopts the model of Investor + Survey, Design and General Contracting Construction in operation. The total investment of the project amounted to approximately RMB18.6 billion with a cooperation term of 8 years.
The project capital accounts for 30% of the total investment. The registered capital of the project company amounted to RMB100 million, which is contributed by Shengzhou
State-owned Assets Management Co., Ltd. and the bid-winning social capital party at a shareholding ratio of 20%:80%. The funds other than the project capital will be raised by the project company, as the financing entity, through bank loans.
The bidding for the project was considered and approved at the 31st meeting of the fourth session of the board of directors of the Company.
