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6 firms win out for Beijing-Shanghai high-speed railway
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On Saturday the Ministry of Railway announced the bidding results for the construction of the 220- billion-yuan Beijing-Shanghai high-speed rail link.


Six companies, affiliated with four of China's construction groups, were awarded the tenders with a total bid price of 83.7 billion yuan.


China Railway Construction Corporation was the biggest winner, with a bid price of 33.74 billion yuan, snatching 40 percent of the total construction. China Railway Engineering Group took up 26 percent of the construction with a bid price of 21.96 billion yuan, missing previous expectations.


The bid process opened on Thursday with 15 companies submitting their tenders. The construction of the high-speed railway will also be a boost to the engineering machinery equipment sector, with projected purchases worth 30 billion yuan, according to insiders in the industry institutes.


For more details, please read the full story in Chinese (
( January 7, 2008)
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