CHINA RAILWAY GROUP LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
中國中鐵股份有限公司
CHINA RAILWAY GROUP LIMITED(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 390)
This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Please refer to the attached Announcement of "Winning of Bid for a Material Project by China Railway Group Limited" published by China Railway Group Limited on the Shanghai Stock Exchange website on 22 April 2016 for your information.
By Order of the Board
China Railway Group Limited LI Changjin
Chairman
22 April 2016
As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman), YAO Guiqing and ZHANG Zongyan; and the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and NGAI Wai Fung.
A Shares Stock Name: China Railway | A Shares Stock Code: 601390 | Announcement No.: Lin 2016-027 |
H Shares Stock Name: China Railway | H Shares Stock Code: 00390 | Announcement No.: Lin 2016-027 |
On 21 April 2016, the consortium led by the Company and China Railway Construction Corporation Limited won the bid for the construction project of Pujiang-Dujiangyan Segment of Ring Expressway of Chengdu Economic Region and the new Airport Expressway of Chengdu. The project includes two commercial toll expressways and will be implemented by way of BOT model with a total investment scale of approximately RMB35.559 billion and a toll period of 29 years and 6 months. The total length of the Pujiang-Dujiangyan Segment of Ring Expressway of Chengdu Economic Region is 117.641 kilometers with a total investment amount of RMB17.549 billion; the total length of the new Airport Expressway of Chengdu is 89 kilometers with a total investment amount of RMB18.01 billion.
The consortium will sign an investment agreement with the tenderees, the People's Government of Chengdu and the People's Government of Ziyang, and establish a project company, which will be responsible for the investment, construction, operation and management of the two expressways. Details are subject to further negotiations between both parties of the consortium.
The bidding for the project has been considered and approved at the eighteenth meeting of the third session of the board of directors of the Company.
Notice is hereby be given.
The Board of Directors of China Railway Group Limited
23 April 2016
China Railway Group Limited issued this content on 23 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 April 2016 15:02:08 UTC
