Urban Redevelopment PPP Project in Urumqi is Won by CCCC Consortium

Source:Investment Company, Second Harbour EngineeringTime:2017-07-31

A consortium initiated by Investment Company in association with Second Harbour Engineering, First Highway Engineering and CCCC Fund has recently won the bid for a PPP project in Package A2 of the urban redevelopment PPP project in Urumqi, with a total investment of some RMB 5,740 million and a cooperation period of 25 years.

Located in Tianshan District and Saybagh District, Urumqi, the project will be implemented in the mode of "PPP + EPC + government payment", and involves land acquisition and housing demolition, infrastructure, public facilities, municipal housing construction, environmental renovation and other works.

The project, among the first urban redevelopment projects implemented in Urumqi, is of great significance to accelerating the urban economic development of Urumqi, and enhancing its urban function and competitiveness.