CCCC Design & Consulting Group (600720.SH) won the bid for the largest single investment scale highway project in the history of Xinjiang highway construction.

On September 23, according to the information publicly available on the Xinjiang Public Resource Trading website, the bid-winning announcement for the survey design and construction supervision of the survey and design of the construction drawings phase of the G3033 Kuitun-Dushanzi-Kuche Expressway Project was released. The project is divided into 10 sections, and all three highway institutes under CCCC Design & Consulting Group (600720.SH) were awarded bids, namely China Communications Highway Planning and Design Institute Co., Ltd., China Communications First Highway Survey Design Research Institute Co., Ltd., and China Communications Second Highway Survey Design Research Institute Co., Ltd., winning a total of 3 sections. It is reported that the Kuitun-Dushanzi-Kuche Expressway Project (hereinafter referred to as the "Kuche Expressway") is the largest single investment and most complex highway project in the history of Xinjiang's highway construction, with a total investment of approximately 100 billion yuan! The project is approximately 460 kilometers long, with four to six-lane highway standards, designed for speeds of 100 to 120 kilometers per hour, with a travel time of only about 5 hours for the entire journey, reducing the current travel time by nearly 9 hours, allowing for year-round all-weather travel. The construction of the Kuche Expressway is of great significance in connecting the north-south corridor of the "Belt and Road Initiative", and can also promote the fast connectivity between the cities on the northern and southern slopes of the Tianshan Mountains, effectively guiding the flow of resources, optimizing resource allocation, and promoting the coordinated development of the regional economy and society. According to the deployment arrangements of the Xinjiang Transportation Work Conference for 2024, this year Xinjiang will focus on accelerating and improving the efficiency of preliminary work on projects such as the Kuche Expressway. Currently, the Kuche Expressway has been incorporated into the national highway network adjustment plan and is expected to start construction at the end of the "14th Five-Year Plan". Infrastructure construction is an important engine for economic and social development. Winning the bid for the survey design and construction supervision of the construction drawings phase of the Kuche Expressway project with solid design strength and quality service capabilities is a good demonstration of CCCC Design & Consulting Group's profound technical accumulation in the field of infrastructure construction, and also demonstrates the determination of CCCC Design & Consulting Group to actively contribute to the high-quality construction of national transportation infrastructure and continuously improve its ability to serve national construction. Public information shows that CCCC Design & Consulting Group is backed by China Communications Construction Group, a global leading super-large comprehensive infrastructure service provider, and is a national team and leader in the field of engineering design consultation in China, with outstanding advantages in various fields such as "big transportation" and "big cities". In the first half of 2024, CCCC Design & Consulting Group achieved a net profit attributable to shareholders of 627 million yuan, a year-on-year increase of 34.71%, continuing to demonstrate a trend of high-quality development.