[ET Net News Agency, 14 January 2020] China Railway Group Limited (00390) said the
consortium comprising the company and its wholly owned subsidiaries won the bid for the
PPP project of Tianjin Metro Line 4. The estimated total investment for this project is
RMB23.678 billion.
Also, the consortium comprising the company and its wholly owned subsidiaries won the
bid for the PPP project of Yiwang to Lingjingdian Section of the G2003 Taiyuan Beltway
(Northwest Second Ring Road in Taiyuan). The estimated investment stated in the approval
reply of the feasibility study report is RMB25.978 billion.
Furthermore, the company has recently won bids amounted to approximately RMB46,814.06
million in aggregate, representing approximately 6.35% of the operating revenue of the
company in 2018 prepared under the China Accounting Standards. (RC)