Thursday, March 25, 2010

China Railway wins South Sumatra contract

China Railway Group has won a contract with Indonesia's Bhakta Hill Pan Pacific Railway Corporation worth $4.8 billion.

China Railways will be responsible for the design, construction and maintenance of the South Sumatra project, with design and construction priced at $1.3 billion and maintenance at $3.5 billion.

The contract includes four years of construction with an operational period of 20 years.

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