[ET Net News Agency, 22 November 2019] China Railway Construction Corporation Limited
(01186) said a consortium comprising CRCC Kunlun Investment Group Co., Ltd. and other
subsidiaries of the company won the bid for the PPP Project of Integrated Transportation
Hub of the High-speed Rail Station in Jiangyin, Jiangsu Province, with a total investment
of approximately RMB6.9286 billion.
The cooperation period of the project will be 25 years, of which the construction period
will be 3 years and the operation period will be 22 years. The payback mechanism of the
project consists of user charges and feasibility gap subsidies.
The project capital amounts to approximately RMB1.7321 billion, which represents 25% of
the total investment of the project. The government contributes approximately RMB86.6
million, representing 5% of the total, while the social capital party contributes
RMB1.6455 billion, representing 95% of the total. The remaining funds other than project
capital shall be raised by the project company through bank loans. (RC)
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01186 CHINA RAIL CONS
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22/11/2019 15:39
CRCC (01186) gets Jiangsu PPP project
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