(Yicai Global) Aug. 10 -- China CAMC Engineering Co. [SHE:002051] has won a CNY280 million (USD42 million) contract to rehabilitate Qingtian Lake in Ezhou Economic Development Zone, Hubei Province.
Subsidiary CAMCE WHU Design & Research Co. signed an engineering, procurement and construction contract yesterday to restore Qingtian Lake and its surrounding areas, including the installation of river system connections, flood control channels and environmental protection measures. The project is expected to take just over two years to complete.
The contract is equivalent to 3.45 percent of the company's annual revenue.
Beijing-based CAMC Engineering is a subsidiary of state-owned heavy machinery conglomerate the China National Machinery Industry Corp. Its core businesses include international general contracting, investment and trade in China and abroad.