Feb. 4, 2010 (China Knowledge) - China Railway Construction Corp Ltd<601186><1186> recently announced that it plans to inject RMB 7.42 billion into four transportation infrastructure projects, according to a statement released by the state-owned enterprise.

The company will invest RMB 1.5 billion to start a build-transfer project in Taiciqiao, Guiyang, Guizhou Province. The project is expected to complete construction in 15 months. Another project, also located in Guiyang, will cost RMB 3.19 billion.

China Railway 12 Bureau Group, a wholly-owned subsidiary of the large construction group, will spend RMB 1.95 billion to build a railway in Jiafeng Town, Qinshui County, Shanxi Province.

In addition, China Railway Construction will team up with Chongqing Expressway Group Co Ltd to jointly start a build-operate-transfer project, a section of the Chengdu-Chongqing Expressway. It will invest RMB 783.8 million for a 40% stake in the project.

Reportedly, China Railway Construction's estimated net profit for 2009 was RMB 3.64 billion, up more than 50% year on year. Earnings per share could hit RMB 0.32.

Last year, the huge group invested more than RMB 280 billion in China's infrastructure. Its new contract value for the first three quarters of 2009 grew 80.3% year on year to RMB 389.6 billion.