Securities code: 601668 stock abbreviation: China State Construction Engineering Corporation Limited(601668) No.: Lin 2022-006 about Guangxi Longsheng Dongzhong port highway (Shanglin Nanning section)
Bid winning announcement of PPP project
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 Construction Third Bureau Group Co., Ltd., China State Construction Engineering Corporation Limited(601668) eighth Engineering Bureau Co., Ltd., China construction Xinjiang Construction Engineering (Group) Co., Ltd., China Construction Transportation Construction Group 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 Longsheng Dongzhong port highway (Shanglin Nanning section).
The construction mileage of the project is about 81.533 kilometers. It is located in Nanning, Guangxi. It starts from gaoguzhuang, shuangluo village, Sanli Town, Shanglin County, connects Yizhou Shanglin expressway, crosses S52 Wuping expressway, and finally connects Nanning Santang hub with Nanning ring expressway. A main toll station is set to connect with the planned Jiuquwan Expressway in Nanning. 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 13.527 billion yuan, accounting for about 0.84% of the company’s audited operating revenue in 2020. The cooperation period of the project is about 33 years, including 3 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
