China Railway Construction Wins 18.5 Billion Yuan of Contracts

China Railway Construction Corp. (1186), builder of more than half the nation’s railroads, said a unit won two contracts worth 18.5 billion yuan ($2.7 billion).

The first rail project will link Nanning and Guangzhou, and the second will connect Chongqing with Lanzhou, China Railway said in a statement to the Shanghai stock exchange today. The order value is equal to 10.4 percent of China Railway’s revenue in 2007, it said.

To contact the reporters on this story: Judy Chen in Shanghai at xchen45@bloomberg.net

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net.

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