CHINA RAILWAY GROUP LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
中國中鐵股份有限公司
CHINA RAILWAY GROUP LIMITED(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 390)
This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Please refer to the attached Announcement of "Execution of Overseas Material Contract by China Railway Group Limited" published by China Railway Group Limited on the Shanghai Stock Exchange website on 22 January 2016 for your information.
By Order of the Board
China Railway Group Limited LI Changjin
Chairman
22 January 2016
As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; and the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and NGAI Wai Fung.
A Shares Stock Name: China Railway | H Shares Stock Name: China Railway | Announcement No.: Lin 2016-008 |
A Shares Stock Code: 601390 | H Shares Stock Code: 390 | Announcement No.: Lin 2016-008 |
On 21 January 2016, the consortium comprising the Company and AVIC International Holding Corporation (the "Consortium") entered into the Contract for EPC/Turnkey Completion of 10th of Ramadan Railway Project (the "Contract") with National Authority For Tunnels of Egypt. Pursuant to the Contract, the 10th of Ramadan Railway Project will be constructed under the EPC mode by the Consortium, which will be responsible for all works as contemplated under the Contract, including management in relation to implementation, installation, integrated debugging and trial operation, defect fixing during the defect fixing period, and maintenance during the maintenance
period of engineering design, civil work and railway engineering, and management of project subcontractors. The contract price of the project amounts to USD1.5 billion (equivalent to approximately RMB9.882 billion) and the contractual construction duration is 30 months.
10th of Ramadan City, located about 50km east of Cairo, the capital of Egypt, is a significant satellite city of Cairo and the site of the first industrial district established in desert areas by the Egyptian Government. The 10th of Ramadan Railway Project consists of the Light Rail Transit Line and the Freight Line. The Light Rail Transit Line consists of Section A, the branch line of 10th of Ramadan City (Adly Mansour-Robaikey-Ramadan2), and Section B, the branch line of the New Governmental Capital (Robaikey-New Governmental Capital), with a total length of 69.226km. The Freight Line links the existing Cairo (Ain shams) -Suez Railway and Cairo-Zagazig Railway, with a total length of 40.657km.
According to the agreement of the Consortium, the Company, as the leader of the Consortium, will own 70% of the Consortium. The corresponding contract price is USD1.05 billion (equivalent to approximately RMB6.918 billion), representing 1.13% of the operating revenue of the Company for the year 2014 under the PRC accounting standards. The Contract is subject to conditions, and the Consortium will actively assist the owners to achieve relevant conditions.
Notice is hereby given.
The Board of Directors of China Railway Group Limited
22 January 2016
China Railway Group Limited issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 10:54:07 UTC
