China Railway Group wins major infrastructure bids worth over 50bn yuan

China Railway Group Limited recently secured major engineering project bids totaling approximately 50.22 billion yuan. This aggregate value represents about 4.34% of the company's projected 2024 operating revenue under Chinese accounting standards. The announcement details various contracts awarded to its subsidiaries.

The railway sector saw substantial awards, including a 17.27 billion yuan contract for sections of the Changsha-Ganzhou high-speed railway and a 9.38 billion yuan project for the Linhe-Ejina railway capacity expansion. Other notable railway wins include the Changsha-Ganzhou high-speed railway Hunan section for 6.51 billion yuan and the Jiaozuo-Pingdingshan railway for 5.51 billion yuan.

Beyond railways, China Railway Group also won highway and municipal projects. These include the 106 National Highway renovation for 1.07 billion yuan and the Fengjiang River Pollution Control Project (Chaozhou section) Phase II for 1.55 billion yuan. These diverse projects underscore the company's broad capabilities in major infrastructure development.