New expressway project awarded in China

The contract for a major new expressway project in China has been won by a consortium. The Guizhou Jianhe-Liping Expressway should cost close to US$1.9 billion to build and take three years to construct. The group handling the work comprises CRRC Kunlun Investment Group Co and divisions of China Railway Construction Corporation Limited (CRCC). The expressway deal includes a 30 year concession to operate the tolled. Link. The project is being handled under the PPP model that includes viable gap funding, equi
March 11, 2019 Read time: 1 min

The contract for a major new expressway project in China has been won by a consortium. The Guizhou Jianhe-Liping Expressway should cost close to US$1.9 billion to build and take three years to construct. The group handling the work comprises CRRC Kunlun Investment Group Co and divisions of 6590 China Railway Construction Corporation Limited (CRCC). The expressway deal includes a 30 year concession to operate the tolled. Link. The project is being handled under the PPP model that includes viable gap funding, equity cooperation, build-operate-transfer and engineering, procurement and construction.

Road Structures

For more information on companies in this article

Related Content

  • Italian motorway operator signs US$3.86 billion satellite toll contract in France
    May 1, 2012
    Italian motorway operator Autostrade per l'Italia (ASPI) signed the US$3.86 billion contract awarded earlier on in 2011 for the heavy vehicle satellite toll system of the motorway network in France.ASPI leads a consortium also including French telecom group SFR with a six per cent stake, defence group Thales with 11 per cent, IT specialist Steria with three per cent, and transport firm SNCF with 10 per cent.
    Read More
  • Kohler deal with Platinum Equity concludes
    May 9, 2024
    Kohler’s deal with Platinum Equity has concluded.
    Read More
  • Tanzania highway deals won by Chinese contractors
    December 14, 2017
    Two road upgrade contracts in Tanzania have been awarded to four Chinese construction firms. In all the work will be worth some US$312.74 million and will extend to 432km of road improvements.
    Read More
  • Financial close reached for A9 Gaasperdammerweg motorway work
    November 25, 2014
    Financial close has been reached for expansion of the A9 motorway near Amsterdam in the Netherlands. BNG Bank, DZ BANK, ING, KBC, SMBC and Société Général have made available a short-term debt of US$174 million (€140 million) and half of the long-term debt of nearly $509 million (€410 million). The European Investment Bank will provide the other half of the long-term debt. Mott MacDonald is the lenders’ technical advisor to the consortium IXAS Zuid-Oost, which has the public-private contract to expand
    Read More

Highlighted Content