China Railway Group (HK:0390) has released an update.
China Railway Group Limited has announced a significant win in securing bids for multiple major railway construction projects, enhancing its portfolio with projects such as the new Nantong to Ningbo high-speed railway. With the bid amounts totaling over 2.3 billion RMB and project durations extending beyond 1,200 calendar days, this marks a substantial achievement for the company’s engineering groups. The successful bids are expected to bolster China Railway Group’s market position and signify ongoing growth in China’s infrastructure sector.
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