CLP and China Railway participated in the consortium by the Indonesian high-spee
China Railway (601390.SS) (0390.HK) and China Power Construction (601669.SS) on Thursday evening announced that the two companies to participate in the Sino-Indonesian high-speed rail contractor consortium recently signed with the project side of Indonesia Yavan high-speed rail Project General Contract (EPC), agreed by the Commonwealth to undertake the project design, procurement, construction contracting tasks, the contract amount of about 4.701 billion US dollars.
Notice that the project duration of 36 months. The share of the project undertaken by the parties in the consortium has yet to be further agreed, and China Power Construction has participated in the consortium by its wholly owned subsidiary Sun China Hydroelectric Construction Group International Engineering Co., Ltd.
Indonesia Yavan Iron and Steel is located in western Indonesia, is connected to the Indonesian capital Jakarta to Bandung high-speed railway, line a total length of 143 km, by the China-Indonesia joint venture model construction and operation, the use of high-speed rail design, construction, acceptance standards, EMU operations, the maximum design speed of 350 km.
Announcement said that the signing of the contract marks the important progress of cooperation between China and Indonesia railway, Yavan high-speed rail this "all the way" building early important results into the full implementation stage.
China Railway A shares closed at 9.69 yuan on Thursday, up 9.5% over the past month; China Telecom reported 8.4 yuan, over the past month rose 13.4%.