Xiangshan County Brownfield Urban Roads and Facilities PPP Project
Active · Zhejiang
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
- Government, Road
- Location
- Zhejiang, China
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
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Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| 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 |
State | Zhejiang |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Government, Road |
Article published date | 2023-02-20 |
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