Urumqi Hemaquan New District Changle Street, Chunhua Street and Secondary Trunk Road Project

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The project involves the investment, financing, construction, operation and maintenance of road infrastructure in Urumqi, Xinjiang Uygur Autonomous Region of China. The project includes Changle Street (Chunhua Street-Qiushi Road), Chunhua Street (Changle Street-North Extension of University Road) and five secondary trunk road PPP projects in Maquan New District, Urumqi. The sponsor is not disclosed. Urumqi Municipal Government authorized the Construction Department as the project implementation agency. The project cost amounts to CNY 1.072 billion or $ 150 million. The project is structured under BOT model for a concession period of 15 years. The return mechanism is a feasibility gap subsidy. Financial close was reached on 5 October 2019.