Sapphire Corporation has announced that its 97.6% owned subsidiary, Ranken Railway Construction Group Co., has secured an EPC contract of CNY832 million (US$123.0 million) for the first phase of Wuhou
District, “Liveable River Bank” project in Chengdu, Sichuan Province, southern China.
The project involves the design, construction, financing and management of ecological restoration, flood control measures and building infrastructures along an 18.68 km embankment of Jiang An River, one of the key waterways in Chengdu.
A 15-year design-build-finance-operate-transfer (DBFOT) contract for the project was awarded to a consortium of Ranken, Chongqing Derun Environment Co., Ltd., Chengdu Wuhou Industrial Development
Investment Management Group Co., Ltd. and Beijing Enterprises Water (China) Investment Limited in November 2018.
The scope of work related to the EPC contract includes engineering, procurement and construction works associated with the water environment protection, ecological restoration, flood control measures, building infrastructures and lifestyle amenities of this PPP project.
Country updates
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January 15, 2019
China Railway Construction consortium wins road PPP project in Shaanxi
A consortium led by China Railway Construction Co., Ltd. has been awarded a PPP contract to develop the Meixian-Taibai highway in Shaanxi Province, north-west China. With an estimated...
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January 15, 2019
IFC to advise Deyang water PPP project
The World Bank through the International Finance Corporation (IFC) is in the process of procuring technical and legal consultancy services for the Deyang water project. IFC has been mandated by Jingy...
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January 11, 2019
AIIB approves US$500 million investment in infrastructure debt portfolio
The Asian Infrastructure Investment Bank (AIIB) has announced that its Board of Directors has approved US$500 million for a managed credit portfolio that aims to develop infrastructure as an asset cla...
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January 10, 2019
Jiangxi Hongcheng-Nanchang Water consortium wins urban sewage project in Dingnan County
A consortium led by Jiangxi Hongcheng Water Industry Co. has been awarded an urban sewage pipe network reconstruction project in Dingnan County, China. The consortium, which also includes N...
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January 10, 2019
Everbright Greentech closes acquisition of 90% stake in hazardous waste recycling company
China Everbright Greentech Ltd has announced that it has concluded the acquisition of a 90% equity stakes in Jiangsu Jiayuan Environmental Technology Company Ltd for a total consideration of CNY1...
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