China Railway Group Wins Contracts Worth About 11 Billion Yuan

China Railway Group Ltd. (390), Asia's biggest construction company, said it won contracts worth a total of 11 billion yuan ($1.6 billion).

The projects include construction works on a new railway linking Tianjin and another northern Chinese city, China Railway said today in a statement to the Hong Kong stock exchange.

The value of the contracts is equal to 6.2 percent of its 2007 sales under Chinese accounting standards, it said.

To contact the reporter on this story: Wendy Leung in Hong Kong at wleung12@bloomberg.net

To contact the editor responsible for this story: Tom Kohn at tkohn@bloomberg.net

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