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January 14, 2013

China Railway Construction secures contracts worth $1.4bn

China Railway Construction Corporation (CRCC) has secured two contracts worth a total of RMB8.73bn ($1.4bn) for railway electrification and railway construction projects in China.

By admin-demo

China Railway Construction Corporation (CRCC) has secured two contracts worth a total of RMB8.73bn ($1.4bn) for railway electrification and railway construction projects in China.

Under the first contract, worth RMB5.17bn ($831m), the company’s subsidiaries China Railway Electrification Bureau Group and China Railway 21st Bureau Group Electric Engineering will be responsible for installing electrification systems for a section of the Lanxin Railway in north-western China.

The deal also includes the reconstruction of Xining railway station in Qinghai province and the construction of a second double line of rail track at Lanzhou Pivot railway hub in nearby Gansu Provice.

China Railway 17th Bureau Group, a subsidiary of CRCC, will be responsible for the RMB3.6bn ($579m) second contract.

Under the deal, the company will build a 53km section of the planned 362km high-speed rail line linking the cities of Zhengzhou in Henan province, central China, and Xuzhou in Jiangsu, near China’s east coast.

The Zhengzhou – Xuzhou high-speed rail line is scheduled to be completed by the end of 2016.

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