CSCEC Awarded PPP Project for New Town Construction in Nanjing
[ Date：2017-02-17 Visits： ]
On February 10, the consortium formed by China Construction Fangcheng Investment & Development Co., Ltd (CSCEC Fangcheng) and China Construction Seventh Engineering Pision Corp., Ltd (CSCEC 7th Bureau) won the PPP project for the Hengxi Street New Town construction in Jiangning District, Nanjing City.
The total investment of the project is RMB7.3 billion with the concessionary time of 10 years. Works on the project include land requisition and demolishing, resettlement and public facilities, municipal roads, etc. Project operation will cover management and maintenance of public facilities, road maintenance, property management of the resettlement buildings and businesses at the bottoms of the buildings. (from CSCEC Fangcheng)