chengdu expway (01785) announced that the company will invest in the expansion project of Chengdu-Wenjiang-Qionglai Expressway, with the company as the project investor...
Zhitong Finance app news, Chengdu Expressway (01785) announced that the company will invest in the expansion project of Chengdu-Wenjiang-Qionglai Expressway, with the company as the project investor and its subsidiary Chengdu-Wenjiang-Qionglai Expressway Company as the project owner. As the expansion project of Chengdu-Wenjiang-Qionglai Expressway passes through Wenjiang District and Dayi County, as part of the project, Chengdu-Wenjiang-Qionglai Expressway Company intends to sign a land acquisition and demolition agreement with Wenjiang District People's Government; and on October 29, 2024, sign a land acquisition and demolition agreement with Dayi County People's Government.
Chengdu-Wenjiang-Qionglai Expressway is an important channel for Chengdu to the west. The expansion project of Chengdu-Wenjiang-Qionglai Expressway has been included in the 'Highway Network Layout Plan of Sichuan Province (2022-2035)', 'Sichuan Province's Strengthening the Construction of Transport Infrastructure in Chengdu-Chongqing Economic Circle Plan', 'Key Project List of '14th Five-Year Plan' for Comprehensive Transportation Construction Development in Sichuan Province', and '2023 Chengdu Key Project Plan'. Its implementation is supported by policies and government. In addition, the feasibility study plan has been completed, considering the internal rate of return on capital of the company, and it is expected that this project will also bring good financial returns to the group.
Chengdu-Wenjiang-Qionglai Expressway is an important channel connecting the western urban agglomeration of Chengdu. With economic development, most sections of Chengdu-Wenjiang-Qionglai Expressway are congested for long periods, and the demand for expansion is urgent. This project will effectively alleviate the pressure on the westward radial channel of Chengdu, further reduce commuting time between western counties and the main city, strengthen the economic radiation of Chengdu's main city to western counties. In addition, the successful implementation of this project can expand the company's asset size, enhance the sustainable operation of the company's high-quality assets, inject impetus for the company's development, effectively enhance the company's ability for sustainable development and operational quality.