Xiangshan County Brownfield Urban Roads and Facilities PPP Project
Sector: Road • Location: China
Source: World Bank Group
In January 2017, a local private company Longyuan Construction Group Co., Ltd. won a PPP contract through an open bidding process to operate 20 existing urban roads and 3 facilities in Xiangshan County, Ningbo City, Zhejiang Province. Longyuan paid US$ 435.95 million (RMB 3.00281 billion) in 6 installments across three years to the local government and would operate and maintain the roads and faci
- Status
- Prospective
- Sector
- Road, Government
- Location
- China
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
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Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
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| Not available for this record. |
Description
Description | In January 2017, a local private company Longyuan Construction Group Co., Ltd. won a PPP contract through an open bidding process to operate 20 existing urban roads and 3 facilities in Xiangshan County, Ningbo City, Zhejiang Province. Longyuan paid US$ 435.95 million (RMB 3.00281 billion) in 6 installments across three years to the local government and would operate and maintain the roads and facilities for 15 years. Ningbo Minglang Investment and Management Company Limited a 100% owned subsidiary of Longyuan was the project company to implement the PPP contract. |
Original sector | Transport |
Procurement method | |
Budget |
Location
Country | China |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Road, Government |
Article published date | 2024-09-20 |
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