Brief: Chengdu Expressway Enters Into Project Investment Agreement With People's Government Of Pidu District In Chengdu

Chengdu Expressway

04/03/2020 14:15

March 4 (Reuters) - Chengdu Expressway Co Ltd  1785.HK :
    * ENTERED INTO PROJECT INVESTMENT AGREEMENT WITH PEOPLE'S
GOVERNMENT OF PIDU DISTRICT IN CHENGDU, SICHUAN PROVINCE
    * PIDU DISTRICT GOVERNMENT UNDERTAKES TO BE RESPONSIBLE FOR
SUPPORTING INFRASTRUCTURE OF PROJECT, AND TO OFFER PREFERENTIAL
POLICIES
    * UNDER AGREEMENT, PIDU DISTRICT GOVERNMENT TO SUPPORT CO TO
INVEST IN CONSTRUCTION OF A CLASS B EXPRESSWAY SERVICE AREA
    * PIDU DISTRICT GOVERNMENT PROPOSES TO INVEST IN FIXED
ASSETS OF
ABOUT RMB150 MILLION FOR CORE AREA & ABOUT RMB350 MILLION FOR
EXPANSION AREA
    * UNDERTAKES TO ESTABLISH PROJECT CO FOR INVESTMENT &
CONSTRUCTION
OF PROJECT WITH REGISTERED CAPITAL OF NOT LESS THAN RMB100
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5chBV8
Further company coverage:  1785.HK 

 ((Reuters.Briefs@thomsonreuters.com;))