Ningbo Construction (601789.SH) subsidiary consortium won the bid for a construction project worth 747 million yuan.

Ningbo Construction (601789.SH) announced that its subsidiary and controlling holding company Zhejiang Yongzhu is the winning bidder for the construction project for the upgrade of the infrastructure for the Fenghua Modern Manufacturing Industrial Park in the joint venture. The project, called the Fenghua Siming Road (Fangxin Road-Zhoujia River) expressway transformation project, was awarded at a price of 747 million yuan. Zhejiang Yongzhu is the leader of the joint venture and is responsible for 76.5% of the municipal public works portion of the project.