Nov. 23, 2012 (China Knowledge) - China Railway Group Ltd<601390
>, 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