China Railway Construction Co., Ltd. (CRCC, 601186.SH) announced late on Thursday that the company and its subsidiaries have won bids for building two PPP (public-private partnership) expressway projects in southwest China's Yunnan Province.
The two projects include building an expressway from Kunming, the provincial capital, to Yiliang county, and an expressway between Sanbao county of Qujing and Qingshui of Kunming.
Investment in the Kunming-Yiliang expressway stands at 17.26 billion yuan (about 2.48 billion U.S. dollars), while investment in the Sanbao-Qingshui expressway is 10.95 billion yuan (about 1.58 billion U.S. dollars).
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