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China Railway Group wins RMB 23.6 bln contracts

Nov. 23, 2012 (China Knowledge) - China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, has said it recently won the bids for 15 projects with a total contract value of RMB 23.6 billion.

The company said in a statement that the contract value was equivalent to 5.15% of its operating revenue in 2011.

The company wins a civil construction project in Qingdao with a contract value of RMB 1.56 billion.

Meanwhile, its subsidiary, China Crec Railway Electrification Bureau Group, wins a BT project in Nanjing with contract value of RMB 9.84 billion.

The company signed RMB 450.61 billion worth of new contracts in the first nine month of this year, reflecting a YoY increase of 26%, China Knowledge reported earlier.

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