Central enterprises
China Communications Construction won the bid for Tianjin subway stock project
Seetao 2020-06-30 17:11
  • Tianjin has played an important role in the construction of Beijing-Tianjin-Hebei transportation integration development
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On June 30, 2020, China Communications Construction announced that the company won the bid for the Tianjin Metro Line 2 and 3 stock PPP (government and social capital cooperation) project. The project procurement budget is about 58.968 billion yuan. This is the first subway PPP project in the country and the first subway line operated by China Communications Construction in China.

The project adopts the "PPP+TOT" model. China Communications Construction and Tianjin Municipal Government form a project company and sign a project contract in accordance with the proportion of equity, authorizing the project company to be responsible for the investment and financing, operation, and operation of Tianjin Metro Line 2 and 3 during the cooperation period. Maintenance, additional investment and renovation. Tianjin Metro Line 2 has a total length of 27.14 kilometers and a total of 20 stations; Metro Line 3 has a total length of 33.6 kilometers and a total of 26 stations.

China Communications Construction is deeply involved in the Tianjin rail transportation market. The PPP project of the first phase of the Tianjin Metro Line 11 project currently under construction started on July 12, 2019. It is the first full-line subway project implemented by China Communications Construction in North China. Editor/Peng Xue

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