Gezhouba Inks USD14.6 Billion Cooperation Agreement with Guangxi Local Government
Yicai Global
/SOURCE :
Gezhouba Inks USD14.6 Billion Cooperation Agreement with Guangxi Local Government

(Yicai Global) May 31 -- The Wuhan-based construction and engineering company, China Gezhouba Group Co. [SHG.600068], has entered into an agreement with the government of the Guangxi Zhuang Autonomous Region in southwest China, to collaborate on local infrastructure and public service investment projects, with total value of the projects estimated to be around CNY100 billion (USD14.6 billion), the company said in a statement.

Gezhouba will take part in infrastructure construction, public service, people's livelihood, health service, ecological and manufacturing public-private partnership (PPP) operations in Guangxi, and provide support for relevant construction, extension, relocation and rehabilitation projects, the statement elaborated.

As a cooperative arrangement for public infrastructure projects, PPP encourages private companies and investors to cooperate with government institutions in public infrastructure construction activities.

 

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