Langfang municipal road PPP project is won by CCCC consortium

Source:Fourth Highway EngineeringTime:2017-09-01

On August 29, the consortium of Fourth Highway Engineering and CCCC Fund won the bid for the PPP project of the southwestern loop line of the outer ring of Langfang, Hebei Province, with a total investment of some RMB 800 million yuan, a cooperation period of 11 years, a construction period of one year and an operation period of 10 years.

As a road section in downtown Langfang, the project will be implemented in the mode of "PPP+BOT" and repaid with "availability service fee + operation maintenance service fee". With a full length of some 8.6 kilometers, the project starts in the north at Langzhuo Road intersection connected to Western Ring Road, and ends in the east at Langba Road intersection connected to Southern Ring Road. The project involves road, traffic facilities, road lamp, greening and water supply and drainage works.