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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Chinese firm wins $16m Philippine road project
          


          (Xinhua)
          
 Updated: 2009-03-19 15:14
          



 

          

          A Chinese company has won a 776.89-million-Philippine Peso ($16.08 million) bid for a road project in the Philippines, it was revealed Thursday.
          


          

          

          


          


          


          


          


          


          


          Related readings:
          
          Chinese firm wins $16m Philippine road project China Wuyi says it 'regrets' World Bank ban
          
          Chinese firm wins $16m Philippine road project China Communications Construction wins 1.79b yuan bid
          
Chinese firm wins $16m Philippine road project China Railway Construction wins 28.12b yuan in bids
          
          		

          
          

          
          		

          
          

          
          		

          
          

          

The Fujian-based China Wuyi Co, a domestic construction firm, said it won the project, a 41.466-kilometer rural road in Antigue Province in central Philippines, co-funded by the Japan International Cooperation Agency and the Philippines government. The Japan International Cooperation Agency is to provide 83 percent of the money.
          


          Once the final contract was sealed, the company would have to finish the construction within 24 months.
          


          The company's shares closed at 6.70 yuan on Thursday, up 3.08 percent.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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