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China Railway (00390) consortium wins Rmb4.5bn EPC contract

  China Railway Group (00390) said the consortium
formed by China Railway Tunnel Group Co., Ltd. and China Railway Electrification 
Engineering Group Co., Ltd (both companies are wholly-owned subsidiaries of China Railway
Group) has won the bid for the EPC contract of track-laying and design, supply and 
construction of electromechanical system for the light rail red line in Tel Aviv, Israel.
  The bid amount of the project amounted to about ILS2.49 billion in aggregate (funded by
budget appropriation from the Israeli government in full amounts), equivalent to about 
Rmb4.5 billion, representing about 0.7% of the operating revenue of China Railway in 2016
prepared under the China Accounting Standards.
  The project has a wide-range of scope including track-laying, power supply, contact
system, communication, information providing, security system, screen doors, automatic 
fare collection, fire alarm and control system, car depot equipment and building 
construction, trackside technical room equipment, ancillary works inside the tunnel, 
system maintenance, etc. The contractual duration of the Project is 178 weeks, among 
which, the duration for design is 96 weeks).

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