Underground utility tunnel project in Siping is won by Fourth Highway Engineering with contract value of RMB 4,600 million
Source:Fourth Highway EngineeringTime:2017-09-25
September 25, Fourth
Highway Engineering won the bid for the underground utility tunnel PPP project
in Siping New Industrialization
Economic Development Zone, Jilin
Province, with a total investment of RMB 4,669 million yuan and a franchise
period of 30 years (including a construction period of three years and an
operation period of 27 years).
Located in Siping New
Industrialization Economic Development Zone, with a total length of 32.9
kilometers, the project features the
model of "PPP + BOT" and the returning way of "accessing units +
viability gap funding". Established by the government and social capital holding
a stake of 40 percent and 60 percent respectively, the project company is
responsible for project investment, construction and operation maintenance.