Securities code: 601668 stock abbreviation: China State Construction Engineering Corporation Limited(601668) No.: lin2022-005 announcement on winning the bid of Guangxi Congjiang Rong’an Lipu highway (Rong’an Yongfu Yangshuo section)
The board of directors and all members of the board of directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Recently, China State Construction Engineering Corporation Limited(601668) (hereinafter referred to as “the company”) and China construction infrastructure Co., Ltd., China State Construction Engineering Corporation Limited(601668) First Engineering Bureau (Group) Co., Ltd., China State Construction Engineering Corporation Limited(601668) Second Engineering Bureau Co., Ltd., China State Construction Engineering Corporation Limited(601668) Fifth Engineering Bureau Co., Ltd., China State Construction Engineering Corporation Limited(601668) Sixth Engineering Bureau Co., Ltd., China State Construction Engineering Corporation Limited(601668) seventh Engineering Bureau Co., Ltd., China State Construction Engineering Corporation Limited(601668) eighth Engineering Bureau Co., Ltd China State Construction Engineering Corporation Limited(601668) southwest survey, design and Research Institute Co., Ltd. and other units formed a consortium to win the bid for the PPP project of Guangxi Congjiang Rong’an Lipu highway (Rong’an Yongfu Yangshuo section).
The construction mileage of the project is about 111.52 kilometers, which is located in Liuzhou city and Guilin City, Guangxi. It starts from Fushi Town, Rong’an County, Liuzhou City, connects with Rongshui Congjiang highway phase I Project (Rongshui Antai section), and finally connects with G65 Baomao Expressway (Guilin Yangshuo section) in Jinbao Township, Yangshuo County, Guilin city.
The project is implemented in the mode of government and social capital cooperation (PPP), and the operation mode is construction operation transfer (BOT). The estimated total investment of the project is about 21.614 billion yuan, accounting for about 1.34% of the company’s audited operating revenue in 2020. The cooperation period of the project is about 34 years, including 4 years of construction and 30 years of operation. The capital of the project is 20% of the total investment estimated in the project feasibility study, and the consortium is the social capital party to establish the project company. The remaining funds other than the project capital shall be raised by the project company as the financing subject through bank loans. During the cooperation period, the project company will recover the investment and reasonable return through user payment and feasibility gap subsidy. After the expiration of the cooperation period, the project company will hand over the project facilities to the government or its designated agency.
The bids for the above projects have been reviewed and approved at the 12th meeting of the third board of directors of the company. At present, the relevant parties have not officially signed the contract, and the project is still uncertain. Please pay attention to the investment risk.
It is hereby announced.
China State Construction Engineering Corporation Limited(601668) board of directors February 6, 2002
