The subsidiary of Shandong Hi-Speed Road & Bridge Group (000498.SZ) is expected to win the bid for a 9.402 billion yuan highway construction project.

Shandong Hi-Speed Road & Bridge Group (000498.SZ) announced that according to the bidding agency Shandong Hi-speed Infrastructure Construction Co., Ltd.'s public announcement of the evaluation results of the project, Shandong Hi-speed Engineering Construction Group Co., Ltd. has been determined as the first candidate for the construction of the Weifang to Zoucheng section of the Yiyuan to Zoucheng section of the high-speed highway project with a expected bid price of 3.758 billion yuan; Shandong Provincial Road and Bridge Group Co., Ltd. has been determined as the first candidate for the construction of the second section (WZYZSG-2) with an expected bid price of 3.771 billion yuan; Ningxia Highway and Bridge Construction Co., Ltd. has been determined as the first candidate for the construction of the third section (WZYZSG-3) with an expected bid price of 1.873 billion yuan. The total expected bid price for the various sections of the project that the company's subsidiaries have acquired is 9.402 billion yuan.