Sapphire subsidiary Ranken Railway Construction Group has secured three new rail transit contracts featuring a combined value of S$57m ($42.19m) for works along the Chengdu metro line in China.
The scope of the first two deals involves the construction of two almost 3km-long tunnels between Fuzhou Road Station and Xinglong Station, as well as variety of open cut earthworks along the metro line with a total value of S$52m ($38.5m).
Go deeper with GlobalData
In addition, the remaining S$5m ($3.7m) contract will see Ranken supervise the construction of the 25km-long track-laying work along the second phase of the line, which spans from Sancha Station to Terminal 1 and 2 of Tianfu International Airport Station.
Sapphire Group CEO and managing director Teh Wing Kwan said: “Whilst there has recently been news about halting major infrastructure projects in China’s smaller towns, Ranken continues to win major jobs in the main cities.
“Apart from the recent contract wins, Ranken remains busy in other bidding preparatory works as well.”
The contract work will be completed between the financial years ending 31 December next year and 31 December 2020.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRanken previously secured contracts to provide design consultancy services and supervise the partial construction of Chengdu Metro Lines 8 and 17 respectively.
Additionally, the company won two new contracts for Dalian Metro Line 5 and the second phase of Urumqi Airport Rail Transit Line 2 in October, which feature a combined value of $130m.
