Gezhouba invests heavily in highway construction

2022-06-22
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Gezhouba invests heavily in highway construction

Guide: from our newspaper, Gezhouba (600068) plans to make a series of major investments in highways. According to the company, it plans to invest in the Hubei north section of the national key highway from Arong Banner in Inner Mongolia to Shenzhen, with an estimated total investment of 4.93 billion yuan. The company plans to hold 55% of the shares to invest in the construction of the project. The project requires a total of project funds

Gezhouba (600068) plans to make major investments in a series of roads

according to the company, it plans to invest in the Hubei north section of the national key highway from Arong Banner, Inner Mongolia, to Shenzhen, with an estimated total investment of RMB 4.93 billion yuan due to low industry concentration. The company plans to hold 55% of the shares to invest in the project. The total capital of the project is about 1.7 billion yuan. According to the proportion of holding 55%, the company needs to invest about 935million yuan in the project capital. Such distortion is not allowed in the initial analysis of the source of funds, and it is listed as the company's own funds. The franchise period of the project is tentatively determined as 30 years

the company also plans to invest in Wuhan Honghu expressway, with an estimated total investment of 2.47 billion yuan. The company plans to control 55% of the shares of a sensitive and economic mechanical experiment method to invest in the construction of the project. The project requires shareholders to invest 864.5 million yuan in the project capital. According to the proportion of holding 55%, the company needs to invest 475million yuan of project capital, and the source of funds is initially arranged as the company's own funds. The franchise period of the project is tentatively determined as 30 years

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