Zhongyuan Expressway Plans 2.9B Yuan Investment

Date:2011-11-16houhaizhen  Text Size:

November 16 -- Expressway operator Henan Zhongyuan Expressway (600020.SH) plans to invest 2.896 billion yuan to construct a highway connecting Zhengzhou Xinzheng International Airport and Shaolin Temple in Henan province, reports yicai.com, citing a company filing.

The expressway covers a total length of 39.25 kilometers. Construction will start at the end of 2011, and is expected to take 36 months.

The investment is pending the approval of the related government departments.

Upon completion, the expressway will be operated by Zhongyuan Expressway.

The toll collection period will not be longer than 30 years. Henan Zhongyuan Expressway estimates the internal rate of return of this investment to hit 9.11 percent.

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