Preferred bidder for US$ 8.5B Guizhou expressway PPP

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Preferred bidder for US$ 8.5B Guizhou expressway PPP

Guizhou Provincial Department of Transportation in China has selected the consortium led by state-owned Guizhou Jiaojian Parties as the preferred bidder for the Guizhou expressway PPP project.

The winning consortium also includes MCC Parties, 23rd Metallurgical, Guizhou Institute, and Liaoning Institute.

The construction of Guizhou Expressway PPP Project is significant in optimizing the expressway network in the Guizhou Province, enhancing channel capabilities and strengthening road network linkage, improving the conversion efficiency of the transportation flow, and enhancing the safety and reliability of the road network.

This will make the transportation connection in the southern and northern direction between Nayong, Zhijin, Liuzhi, Qinglong and Qianxinanzhou in the Qianxi area to become more convenient and efficient, which is conducive to the optimization and improvement of the layout of the road network in Qianxi area. It will also promote the development of resources in the relevant area, foster further development of the tourism industry, and cultivate prosperity in areas inhabited by ethnic minorities.

The estimated total investment of the Guizhou Expressway PPP Project is approximately RMB 59.6 billion (US$ 8.46 billion) and the estimated capital investment is approximately RMB 14.9 billion (US$ 2.11 billion). The remaining construction funds are expected to be mainly financed by the Project Companies through bank loans and other financings.

The Project Company will transfer the project assets to the Guizhou Provincial Department of Transportation or its designated institution upon the expiry of the cooperation period (which is expected to be 30 years after the commencement of operation of the project).

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