China’s Guizhou Provincial Department of Transportation has selected a consortium to lead a RMB 59.6 billion ($8.46 billion) expressway construction project in the Guizhou Province, according to a document announcing the winning bid.
The consortium will be led by state-owned Guizhou Jiaojian Parties, and also consist of MCC Parties, 23rd Metallurgical, Guizhou Institute, and Liaoning Institute.
The Guizhou Expressway PPP Project will enhance transportation between Nayong, Zhijin, Liuzhi, Qinglong and Qianxinanzhou in the Qianxi area, according to InfraPPP. Specifically, it will aim to increase channel capabilities, strengthen road network linkage, improve transportation flow, and increase safety and reliability within the road network.
The project’s estimated capital investment amount is RMB 14.9 billion ($2.11 billion), with remaining construction funds expected to be mainly financed by the project companies through bank loans and other forms of financing.
