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01186 CHINA RAIL CONS
RTNominal unchange4.970 0.000 (0.000%)
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14/11/2019 15:17

China Rail Con (01186) gets Ghana EPC contract

[ET Net News Agency, 14 November 2019] China Railway Construction Corporation Limited
(01186) said China Civil Engineering Construction Corporation, a subsidiary of the
company, entered into an Engineering, Procurement and Construction (EPC) contract with
State Clinical Translational Scientific Research of Ghana and Affram and Oppong Group Ltd.
of Ghana, for a project of constructing 80,000 affordable housing units.
The construction period of the project is 96 months. The contractual amount was
approximately US$3.775 billion (equivalent to approximately RMB26.417 billion),
representing approximately 3.62% of the operating revenue of the company for the year 2018
under the PRC accounting standards. (RC)

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