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UCD Wins Bid for PPP Project of Kunming Rail Transit Line 4
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2016/12/02 17:01
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Recently, the consortium comprising UCD (01599.HK)  +0.010 (+0.204%)   and an independent third party company has successfully won the bid for the social capital partner option project of part B of China Kunming rail transit line 4 PPP project. The project is the first urban rail transit PPP project won by the company. The total investment amount of the project is approximately RMB8.8 billion.

The project adopts PPP+EPC cooperation model with a concession term of 30 years and a trial operation period of not more than two years. The company will establish a project company with the member of the consortium and the representative company designated by the Kunming municipal government for the project, and the shareholding of the company in the project company is estimated to be 68.64%.
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