China Railway Construction Co., Ltd (CRCC; 601186.SH), one of China's leading railway constructor, had signed cooperative agreement with Xiamen city, east China's Fujian Province for the construction of underground pipeline corridor project under the public-private partnership (PPP) mode.
The cooperation project would involve total investment of 1.477 billion yuan. It will be the first such project in Xiamen and the period of project construction is 4 years.
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