Shanghai Industrial Holdings (HKG:0363) said construction has started on the widening and alteration project for the G50 Hu-Yu Expressway (Shanghai section).
The project covers a 32.6-kilometre section of the expressway from Jiamin Elevated Road to Xicen Branch Road and is expected to require an investment of more than 5.3 billion yuan, according to a Monday Hong Kong bourse filing.
The G50 Expressway (Shanghai section) is operated and maintained by the company's indirect wholly owned subsidiary Shanghai Shen-Yu Development.
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