CRCC to build on new orders
China Railway Construction Corporation (CRCC) yesterday announced that its subsidiaries have won railway construction contracts worth as much as 28.12 billion yuan in China, less than one month after the company won a similar $1.77 billion contract in Saudi Arabia.
The country's largest railway and highway builder said its subsidiaries would take part in the construction of four railways in the Guangxi Zhuang autonomous region, Zhejiang and Gansu provinces.
The value of the contracts is equivalent to 15.84 percent of the company's 2007 sales under domestic accounting standards, the Hong Kong and Shanghai-listed company said in a stock exchange filing yesterday.
Photo