China Railway Construction wins contracts worth US$ 2 billion

Chinese state-owned contractor China Railway Construction has been awarded contracts worth a total of CNY 13.4 billion (US$ 2.2 billion) for railway electrification, railway construction and road building projects in China.

The company won a contract to construct a 53 km section of the planned 362 km high-speed rail line connecting the cities of Zhengzhou in Henan province, north-central China, and Xuzhou in Jiangsu to the north-east of the country, with a bid of CNY 3.6 billion (US$ 572 million). The Zhengzhou to Xuzhou rail line is scheduled for completion by the end of 2016.

It also won another bid to install electrification systems for a section of Lanxin Railway in north-western China – a CNY 5.2 billion (US$ 835 million) contract that also included the reconstruction of Xining railway station in Qinghia province, and the construction of a second double line of rail track at Lanzhou pivot railway hub in Gansy Provice, north-west China.

In the roads sector, China Railway won a CNY 2.3 billion (US$ 369 million) contract for the construction of section B of the Maliuwan-Zhaotong section of Chongqing–Kunming Highway in Yunnan province as well as separate contract worth CNY 2.5 billion (US$ 402 million) for the construction of section C of the Maliuwan-Zhaotong Section of Chongqing–Kunming Highway .