China Railway Wins 2.9 Billion Yuan in Construction Orders

China Railway Group Ltd. (390), Asia's biggest construction company, said it has won four separate orders through its subsidiaries, valued at 2.9 billion yuan ($420 million).

The contracts include building railways in southern Fujian and Guangdong provinces, bridgework in Wuhan city, a railway deal in Turkey, and a highway project in Guangdong, the company said in a statement to the Shanghai Stock Exchange today.

The total value of the four projects is worth about 1.6 percent of the company's operating income in 2007, it said.

To contact the reporter on this story: William Bi in Beijing at wbi@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@Bloomberg.net

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