CSCEC 5th Bureau Signs a Framework Agreement with Changde Government for Shanty Town Reconstruction
[ Date：2017-03-08 Visits： ]
On March 3, China Construction Fifth Engineering Pision Corp., Ltd. (CSCEC 5th Bureau) signed a framework agreement with Changde Government for reconstructing the shanty town in the northern part of the city. Investments in this project total about RMB16 billion.
The project involves reconstruction of 3,352mu-shanty town in Jiangbei District of Changde. As per the agreement, CSCEC 5th Bureau shall be responsible for design, financing, development and construction as well as operation and management of the project. All facilities in the project will be operated in a PPP pattern, such as roads, squares, parks, water treatment plants and other municipal facilities as well as public housing for education, firefighting, social administration, and temporary and subsidized housing. (from CSCEC 5th Bureau)