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Shanxi Taiyuan to Gujiao Roadway (Gujiao section)

Sector: Road • Location: China

Source: World Bank Group

Project
Active

In March 1998, a New World Infrastructure subsidiary , Beauty Field Ltd.,signed a 27-year cooperative joint venture contract with the Qujiao Highway-Bridge Development & Construction Company for the development and operation of a 36.02km section of the Shanxi Taiyuan to Gujiao Roadway. NWI took a 60% equity share in the JV company, Taiyuan Xinyuan Highways Ltd., and invested US$ 15.5 million in e

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The project “Shanxi Taiyuan to Gujiao Roadway (Gujiao section)” is an infrastructure initiative in the Road sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Participants

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Original status

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Description

Description

In March 1998, a New World Infrastructure subsidiary , Beauty Field Ltd.,signed a 27-year cooperative joint venture contract with the Qujiao Highway-Bridge Development & Construction Company for the development and operation of a 36.02km section of the Shanxi Taiyuan to Gujiao Roadway. NWI took a 60% equity share in the JV company, Taiyuan Xinyuan Highways Ltd., and invested US$ 15.5 million in equity and debt.The state-owned company, Gujiao Highway-Bridge development & Construction Company owned the rest of the stake in the project company. NWI had a 90% profit share for the first year and 60% for the remaining 15. Operations began April 1999. None None

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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