China Railway Group Wins Contracts Worth 13.9 Billion Yuan

China Railway Group Ltd. (390), the nation’s biggest construction company by assets, won orders worth 13.9 billion yuan ($2 billion) to build and upgrade railway routes.

The largest of the 10 orders was a 5.4 billion-yuan contract for work on a passenger line between the western cities of Chengdu and Mianyang, the company said in a statement to the Shanghai stock exchange today.

The value of the contracts is equivalent to 5.9 percent of sales in 2008, it said.

--Zhang Shidong. Editor: Tan Hwee Ann

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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