Guangdong Investment announces road PPP award

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Guangdong Investment announces road PPP award

Guangdong Investment Limited,  a group engaged, among other, in water resources and infrastructure, has recently announced that it has entered into cooperation agreement with the Xiegang Government for the development of certain public roads projects on a PPP basis in Dongguan, Guangdong Province, China.

The PPP project comprises the construction of the public roads and the related ancillary support services such as drainage, greening and lighting with an investment estimated at CNY4.754 billion (US$723.25 million).

It is expected upon the completion of the project that the public (non toll road) facilities will form a highway and municipal road network within Yinping Innovation Zone. 

Guangdong Investment Limited will be responsible for providing funding for the development of the PPP roads, introduction of contractors for the construction works, coordinating with various parties and the maintenance of the roads upon completion during a period of ten years.

Macquarie Group Limited has acted as financial adviser to Guangdong Investment Limited in the tender process.

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