Zhejiang Expressway Investment & development Co. Ltd. (00576) announced that on August 9, 2024, the project company, its subsidiary Zhejiang Jinhua ...
Zhijiang Expressway Investment & Development Co., Ltd. (00576) announced that on August 9, 2024, the construction contract was signed for project company's subsidiary, Zhejiang Jinhua...
On August 9, 2024, the project company, Jin Dong Branch and Zhejiang Hongtu (including) signed a contract for civil construction and subsequent pavement maintenance of the TJ02 section of the Ningbo-Jinhua section of the Yungold Expressway. The planned construction period is 39 months and the subsequent pavement maintenance period is 120 months.
The announcement stated that the transactions under the building construction contract and the civil construction contract reflect the actual needs of the expansion project of the Ningbo-Jinhua section (Jinhua section) of the Yungold Expressway. Through the implementation of this project, it will improve the road carrying capacity and travel experience, extend the franchise period of the Ningbo-Jinhua section, and promote the sustainable development of the group's expressway main business, while bringing long-term stable returns to the shareholders.