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Longyan Avenue second phase

Sector: Road • Location: China

Source: World Bank Group

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The project entails the construction of the second phase of Longyan Avenue (Xingye Road-Hongxiao Road) road project, Longyan Avenue and Shuanglong Road, Xingye Road, and Dongfa Road are provided with a north-south two-way lane separate viaduct and the third phase of the project passes through Hongxiao Road. Concession period is 15 years. Total investment stands at $ 262.89 million. SPV is Longyan

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The project “Longyan Avenue second phase” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of the second phase of Longyan Avenue (Xingye Road-Hongxiao Road) road project, Longyan Avenue and Shuanglong Road, Xingye Road, and Dongfa Road are provided with a north-south two-way lane separate viaduct and the third phase of the project passes through Hongxiao Road. Concession period is 15 years. Total investment stands at $ 262.89 million. SPV is Longyan Xingnan Investment Co., Ltd., a JV between the government company Fujian Longyan City Construction Investment Development Co., Ltd. (5%) and the private companies Longyan Transportation Development Group Co., Ltd. (90%), Longyan Transportation Construction Group Co., Ltd. (4.9%) and Hunan Shangshang Highway Bridge Construction Co., Ltd. (0.1%). Financial close took place on December 25, 2019.

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