Guizhou SOE Wins Kenya Highway Project Contract Worth USD710 Million
Yicai Global
DATE:  Dec 13 2017
/ SOURCE:  
Guizhou SOE Wins Kenya Highway Project Contract Worth USD710 Million Guizhou SOE Wins Kenya Highway Project Contract Worth USD710 Million

(Yicai Global) Dec. 13 -- Guizhou Transportation Planning Survey & Design Academe [SHA:603458], a partly state-invested Chinese engineering contractor, has won the contract for the plans and specifications of a highway project, to be later constructed in Kenya whose value is as high as USD710 million.

Under the aegis of the local government in Kwale County, this project features a total value up to USD2.63 billion, with the Chinese contractor's share 30 percent of the total, the company announced yesterday.

The two-phase project will take two years to finish. The company will plan out the construction of a 1,073-kilometer highway, with a two-way four-lane section of 1,053 kilometers, a two-way six-lane section of 20 kilometers, and bridges up to 7,850 meters in length. The site lies about 30 kilometers from Mombasa, Kenya's largest port. The company has conducted on-site surveys for local conditions such as road networks, land forms, and soil and geology, and has sourced necessary materials.

With its inception as a traffic planning department in China's southwestern Guizhou province, Guizhou Transportation Planning Survey & Design Academe formed in 1958 and became a state-owned enterprise in 2001. Now under mixed-ownership, its core business is engineering consulting and highway construction.

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