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    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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