Sichuan Road & Bridge's Consortium Signs Investment Deal for G5 Jingkun Expressway Expansion

MT Newswires Live08-07

A consortium with Sichuan Road & Bridge's (SHA:600039) related parties signed an investment agreement with three Chinese cities for a construction project in G5 Jingkun Expressway, according to a Shanghai bourse filing on Thursday.

The project involves the expansion of the expressway's Chengdu to Ya'an section.

Under the deal, the local governments of Ya'an, Chengdu, and Meishan will serve as the implementing authorities for the project, coordinating land use, power systems, and related resources.

Total funding for the project amounts to 1 billion yuan, with the consortium injecting 200 million yuan. The actual investment will be based on the completion costs, the Chinese transportation construction company said.

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