Urumqi Economic and Technological Development Zone (Toutunhe District) North Station Road

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The project involves the investment, financing, construction, operation and maintenance of Urumqi Economic and Technological Development Zone (Toutunhe District) North Station Road (Bagang Road-Airport Expressway) in located in Urumqi Economic and Technological Economic Development Zone (Toutunhe District), Urumqi, Xinjiang, China. The projects consists of construction of about 11.3 KM two-way 8 lanes road. The SPV is called Urumqi Xinxiang Construction Babei Project Investment Management Co., Ltd and owned by Hunan Construction Engineering Group Co., Ltd. with a 95% stake and state-owned Urumqi Economic and Technological Development Zone Construction Investment Development Co., Ltd. with 5% stake. The project cost amounts to CNY 36.22 mllion or $ 5.1 million. The project is structured under BOT model for a period of 25 years (of which the construction period is 3 years and the operation period is 22 years). The return mechanism is feasibility gap subsidy and user fees. Financial close was reached on 30 September 2019.