Brief: Zhuzhou CRRC Times Electric Updates On Wuxi-Jiangyin Inter-City Rail Project​ ‍Bid

Zhuzhou CRRC Times Electric

19/12/2019 14:14

Dec 19 (Reuters) - Zhuzhou CRRC Times Electric Co Ltd
 3898.HK :
    * CO, CRRCG AMONG OTHERS AS A CONSORTIUM ENTERED INTO
INVESTMENT
AGREEMENT WITH GOVERNMENT IMPLEMENTING AUTHORITIES
    * CONSORTIUM, GOVERNMENT INVESTMENT REPRESENTATIVES TO FORM
PROJECT CO TO INVEST IN PPP PROJECT FOR TRANSIT ENGINEERING
    * TOTAL INVESTMENT OF PPP PROJECT IS APPROXIMATELY RMB13.99
BILLION
    * CONSORTIUM TO CONTRIBUTE 80% IN TOTAL INVESTMENT OF PPP
PROJECT
    * PROJECT CAPITAL IN PROJECT CO XICHENG CRRC (WUXI) URBAN
RAIL
TRANSIT ENGINEERING IS ABOUT RMB5.60 BILLION
    * PPP PROJECT IS PUBLIC-PRIVATE PARTNERSHIP IN RELATION TO
TRANSIT
ENGINEERING OF WUXI-JIANGYIN INTER-CITY RAIL
    * PROJECT CO HELD 4%,67.02% BY CO, CRRC (BEIJING) URBAN
DEVELOPMENT EQUITY INVESTMENT COMPANY FUND MANAGEMENT
RESPECTIVELY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5DjGb5
Further company coverage:  3898.HK 

 (Reuters.Briefs@thomsonreuters.com)