Tangjin Expressway (Tianjin North section)
Sector: Road • Location: China
Source: World Bank Group
In October 1997, New World Infrastructure (NWI) subsidiary Charming Glory Limited signed a cooperative joint venture contract with the Tianjin Expressway Investment & Construction Development Corporation for the development and operation of a 60km toll road. Operations began in January 1999. The JV contract ran 30 years after the opening of 1st section. NWI had a 60% equity stake in the project co
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | In October 1997, New World Infrastructure (NWI) subsidiary Charming Glory Limited signed a cooperative joint venture contract with the Tianjin Expressway Investment & Construction Development Corporation for the development and operation of a 60km toll road. Operations began in January 1999. The JV contract ran 30 years after the opening of 1st section. NWI had a 60% equity stake in the project company, Tianjin Xinzhan Expressway Co. Ltd., and invested US$239 million in equity and debt.The other two sponsor companies were both state-owned companies. Tianjin Expressway Investment & Construction Development Corporation held 33.38% of the stake in the project company, while Tianjin Development Holdings Ltd. held the rest of 6.62% of the stake. NWI had a 90% profit share for the first 15 years and a 60% profit share for the final 15 years. In 2000, the Bank of China granted an 8-year US$ 120.8 million loan for the construction of the Tangjin Expressway Section II. None None |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |