Upgrade of village roads in 11 townships in Guzhen County

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The project involves the investment, financing, construction, operation and maintenance of 349.535 KM of village roads within the scope of 11 townships located in Guzhen County, Bengbu City, Anhui Province of China. The project covers Chengguan Town Village Road Hardening Project of 14.42km, Liancheng Village Road Hardening Project of 4.281km, Yangmiao Village Road Hardening Project of 40.427km, Hugou Town Village Road Hardening Project of 47.522km, Liuji Town Village Road Hardening Project of 55.344km, and Renqiao Town and village road hardening project 43.579km, Shihu village road hardening project 20.847km, Lucheng town village road hardening project 11.474km, Wangzhuang town village road hardening project 16.455km, Xinmaqiao town road hardening project 35.454km and Zhongxing rural road hardening project is 59.732km. The SPV is called Guzhen County Sihao Rural Road Project Management Co., Ltd and owned by Anhui Yuanding Construction Engineering Co., Ltd with 80% stake and state-owned Guzhen Hongyuan Transportation Investment Co., Ltd. with 20% stake. The project cost amounts to CNY 462.09 million or $ 67 million. The project is structured under BOT model for a concession period of 12 years. The return mechanism is government payment. Financial close was reached on 8 July 2019.