On October 10th, the Shanghai Baoye Group successfully won the bidding for Road and Bridge Urban Road Construction, Reconstruction and Improvement PPP Project.
With a total road length of about 82,413 m a total area of about 2,937,738 m2, this Road and Bridge Urban Road Construction, Reconstruction and Improvement PPP Project includes 6 stock roads with a total length of about 10,380 m and a total area of about 403,799 m2, and 31 improved and reconstructed roads with a total length of about 63,558 m and a total area of about 2,300,989 m2. The project mainly includes cross section optimization, road surface promotion, structure white-to-black engineering, traffic organization optimization and transformation, traffic safety device optimization and road landscape promotion for the roads, covering 4 newly constructed roads with a total length of about 8,475 m and a total area of about 232,950 m2. The construction contents include roads, traffic facilities, drainage, greening, lighting, overhead line underground engineering, etc. The cooperation period is 14 years, divided between a construction period of 3 years and an operation period of 11 years.
Winning this project will help Shanghai Baoye to further develop its PPP projects and promote the strategic upgrading of its business, marking yet another breakthrough in the municipal traffic engineering field and laying a solid foundation for its market development in Zhejiang.