On November 17, Gelonghui reported that jiangsu expressway (00177.HK) announced that to optimize network construction and continue to consolidate its dominant position in the southern jiangsu road network, the company will convene the fifth meeting of the eleventh board of directors on October 29, 2024, to review and approve the "Proposal for Investment and Construction of the Danyang to Jintan Section of the Funing to Liyang Expressway project," approving the investment in the Danyang to Jintan section of the Funing to Liyang expressway (referred to as the “DanJin Project”). The company plans to invest its own funds and other legally available funds for capital contributions totaling RMB 1.27118 billion with the investment entity of Changzhou to jointly invest in the construction of the DanJin Project. The investment entity of Changzhou will contribute RMB 0.43282 billion in capital.
On November 16, 2024, the company has signed a capital contribution agreement with Changzhou Transportation Holding Group Co., Ltd. (Changzhou JiaoKong), agreeing to jointly establish jiangsu DanJin expressway Co., Ltd. (provisional name, referred to as "DanJin Company"), responsible for the investment construction and operation management of the DanJin Project.
The scope of the project planned for investment and construction in this agreement is as follows: starting from the intersection of Shanghai-Rong Expressway and Danyang New Area Hub, connecting to the existing Zhenjiang to Danyang Expressway to the north, passing through Danyang East, Erling, Jintan East, Jiaze to the south, ending at the Jintan Economic Development Zone Hub intersecting with Shanghai-Wuhan Expressway, connecting to the existing Changzhou to Liyang Expressway. The total length of the route is 41.35 kilometers, with a 28.627-kilometer section in Danyang and a 12.723-kilometer section in Changzhou.
