China Railway Construction Corporation (CRCC) and its subsidiaries have won public-private partnership (PPP) contracts to develop a railway and two expressways in China.

The consortium of China Railway Construction Investment Group Co., Ltd, China Railway Construction Bridge Engineering Bureau Group Co., Ltd., China Railway Fifth Survey and Design Institute Group Co., Ltd., all of which are subsidiaries of CRCC and Guangde Railway Construction Lanhai Hualan Investment Center have won the bid for the Changchun – Taipingchuan Expressway PPP project. The CNY9.799 billion (US$1.43 billion) project will have a 30-year concession period. The project adopts the payback mechanism of viability gap funding by the government + user charges.

CRCC and its subsidiaries, China Railway Construction Investment Group Co., Ltd., China Railway 12th Bureau Group Co., Ltd, have also won the bid for Phase I of the Intercity Railway from Chuzhou to Nanjing (Chuzhou section). The CNY9.196 billion (US$1.354 billion) project will also have a 30-year concession period and also adopts the payback mechanism of viability gap funding by the government + user charges.

In addition, CRCC and other entities all of which are subsidiaries of the company, have won the bid for the expansion of the expressway between Kunming and Chuxiong, located in Yunnan province. The CNY20.779 billion (US$3.06 billion) project will have a 30-year concession period and adopts the user charges payback mechanism.