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Chongqing Construction Engineering Group has announced that one of its subsidiaries, as part of a consortium, has secured a construction project valued at approximately CNY 1.1 billion (around USD 161.86 million). The latest contract adds to the company's order book and reflects its continued participation in large-scale infrastructure and construction projects in China. The company has regularly won major engineering contracts through its subsidiaries and consortium partnerships, supporting its execution pipeline and strengthening its presence in the country's construction sector.
Chongqing Construction Engineering Group Co. Ltd. announced that one of its subsidiaries, as part of a consortium, has won the bid for a construction project worth approximately CNY 1.1 billion (around USD 161.86 million). The company disclosed the development through a regulatory filing.
While the company did not provide additional details regarding the project's location, scope of work, or execution timeline, the contract represents another significant addition to its portfolio of infrastructure and engineering projects.
The latest order comes as Chongqing Construction Engineering continues to secure large public construction contracts through its subsidiaries and consortium-led bids. Such consortium arrangements are commonly used for large-scale projects requiring technical expertise and financial capacity from multiple participants.
The company has previously announced several major project wins through its subsidiaries, highlighting its continued participation in China's construction and infrastructure development sector. These projects contribute to strengthening its order pipeline and support its long-term construction business.
Reuters reported that the contract value for the newly awarded project is approximately CNY 1.1 billion, equivalent to around USD 161.86 million.
Source Reuters
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