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Source: China Knowledge China Knowledge

Shanghai Tunnel Engineering wins RMB 960-mln contract

Published: 17 Dec 2009 23:52:19 PST

Dec. 18, 2009 (China Knowledge) - Shanghai Tunnel Engineering Co Ltd<600820>, which is principally engaged in soft soil tunnel construction, recently won the bid for a tunnel construction project in Yingbin Road, Shanghai, sources reported.

The project, which is located in the south of Hongqiao airport, is 3,166 meters long, including a 2,860-meter tunnel section. The contract value is RMB 960 million in total.

The project is expected to be completed by Mar. 31, 2011, said the company.

In the first three quarters of this year, Shanghai Tunnel has signed new contracts worth RMB 10.2 billion, which are expected to boost the company's profit growth over the next two years.

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