CCCC consortium signs investment agreement with Urumqi Municipal People's Government with total investment of RMB 5,744 million

Source:Second Harbour EngineeringTime:2017-09-29

On September 26, a consortium comprising Investment Company, CCCC Fund, First Highway Engineering and Second Harbour Engineering signed an investment agreement with the Urumqi Municipal People's Government, reaching the intent of cooperation on an urban renewal PPP project with a total investment of RMB 5,744 million.

Located in Erdaoqiao Area, Tianshan District and Nianzigou Area, Saybagh District, Urumqi, the project is a comprehensive urban development project. With a cooperation period of 25 years, a construction period of three years and an operation maintenance period of 22 years, the project will be implemented in the mode of "PPP + EPC + government payment" and involve cooperation in the whole industry chain including investment & financing, design, construction and operation management.