Zhejiang Communications Technology (002061.SZ): Consortium plans to win the bid for the construction project of new-type urbanization in the Yangzhou area along the Fu Chun River.

Zhejiang Communications Technology (002061.SZ) announced that its subsidiary companies, Zhejiang Jiaogong Group Co., Ltd. and Zhejiang Jiaogong Underground Engineering Co., Ltd., have formed a consortium with related parties to participate in the bidding for the new urbanization construction project in the Yangzhou area along the Fuchun River. The bidding results have been made public, and the consortium has been selected as the first candidate for the project. The total estimated investment for the static projects within the scope of the project cooperation is 11.03 billion yuan, with the project company's investment estimated at 4.93 billion yuan, including 1.70 billion yuan for construction costs, 3.31 billion yuan for other construction expenses, and 0.92 billion yuan for contingency expenses; the total estimated investment for the bidding entity's projects is 63.10 billion yuan.