Xuanguang and Anhui Transportation Holding Group, the Joint Venture (JV) for the G50 expansion concession, has achieved financial close for the project in China.

The JV contributes approximately CNY1,514 million (US$238.04 million) and CNY1,215 million (US$191.03 million) for the expansion works on G50 expressway connecting Shanghai to Chongqing. The concession period for the road project is 30 years.

The JV will develop Guangde to Xuancheng Section, build new lines, relocate five cross interchanges in Guangde West, Shijie, Xuanguang, Xuancheng East and Xuancheng West, build five new interchanges in Jiepai, Gaohu, Huagu, Honglin and Xuancheng and build two new service areas in Guangde North and Honglin.