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China State Construction International Holdings Ltd unit, CSCECL and CCCEG have entered into a JV Agreement, pursuant to which the parties agreed to
CSCIICL and CCCEG shall be interested in the Investment Consortium as to 70% and 30%, respectively.
The Anhui Expressway Project is a Public Private Partnership (PPP) project in respect of two expressways in Anhui Province of the PRC, comprising:
The construction period of the Anhui Expressway Project is expected to be four years. It was tentatively agreed that upon completion of construction works, the relevant governmental authority will grant a concession license to the project company for the management and operation of the expressways for a period of 30 years. Upon expiry of the concession period, the expressways shall be transferred back to the relevant governmental authority at nil consideration.