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April 20, 2008

China Railway wins $263 million construction deal

SHANGHAI, April 21 (Reuters) - China Railway Group (601390.SS: Quote, Profile, Research) (0390.HK: Quote, Profile, Research) said on Monday it had won a 1.84 billion yuan ($263.1 million) contract for a domestic railway construction project.

In a filing with the Shanghai stock exchange, China Railway Group said it would build a 70-kilometre railway in the southwestern province of Yunnan and the value of the contract represented 1.1 percent of its 2006 revenue.

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Posted by boyang at April 20, 2008 6:02 PM