[ET Net News Agency, 14 November 2019] China Railway Construction Corporation Limited
(01186) said a consortium comprising the subsidiaries of the company, including China
Railway Construction Investment Group Co., Ltd., won the bid for the bidding project for
investment partner and general contractor for survey, design and construction for
comprehensive development of regional industrial parks in the northern part of Zhaoqing
High-tech Zone (north of Chuangxin Avenue).
The total project investment will be approximately RMB12.6 billion. The cooperation
period of the project will be 7 years, of which the construction period will be 6 years.
The project capital accounts for 30% of the total project investment, and the registered
capital of the project company amounts to RMB100 million. The contributions from the
government party and social capital party are at a proportion of 20%:80%. The funds other
than the project capital will be raised by the project company, as the financing entity,
through bank loans. (RC)
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01186 CHINA RAIL CONS
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5.010 +0.030 (+0.602%) Others
14/11/2019 17:12
CRCC (01186) wins industrial parks project bid
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