UCD consortium wins bid for rail transit line PPP project

    Beijing Urban Construction Design & Development (UCD) (01599) said a consortium comprising the company and an independent third party company has successfully won the bid for the Social Capital Partner Option Project of Part B of China Kunming Rail Transit Line 4 PPP Project recently.
  The total investment amount of the project (i.e. the mechanical and electrical equipment and automobile engineering for Kunming Rail Transit Line 4) is about Rmb8.8 billion (to be determined by the final approval by Yunnan Development and Reform Commission of the initial design). The project adopts PPP+EPC cooperation model with a concession term of 30 years and a trial operation period of not more than two years. UCD will establish a project company with the member of the consortium and the representative company designated by the Kunming Municipal Government for the project, and the shareholding of UCD in the project company is estimated to be 68.64%.
  The construction of Kunming Rail Transit Line 4 is a northwest-southeast auxiliary line connecting the main city and Chenggong, linking the National Hi-tech Industrial Development Zone in the northwest of the main city, central district of the main city and the National Economic and Technological Development Zone in the southeast of
the main city and extending to Chenggong New City in the south. The line is in a total length of 43.49km with 29 stations. The total construction period is not exceeding five years, which is scheduled to be commenced in 2016 and completed in 2020.