Power Construction of China (SHA:601669) or PowerChina signed a 5.49 billion yuan railway agreement with Serbia's Belgrade Metro, according to a Shanghai Stock Exchange disclosure on Wednesday.
The project covers the Belgrade Metro Line 1's Section 2. The electric utility line construction services provider will conduct geological surveys, design, construction of some shafts and segment factories, and other similar tasks within 45 months.
PowerChina's shares rose more than 1% in recent trade.
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