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

On 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.