Sapphire wins infrastructure contracts worth $46m in China
July 27, 2017 – Singapore-based Sapphire Corporation has bagged new infrastructure contracts worth approximately CNY308m ($45.62m) in China.
Ranken Railway Construction Group, a subsidiary of Sapphire, has secured a CNY224m ($33.18m) civil engineering contract for the Ningbo Rail Transit Line. It will include three phases: the Pan Song Section, Song Nan Section and Nan Jin Section.
Additionally, Ranken will start design consultancy works for the second phase of Taiyuan City’s Metro Line 2, valued at CNY37m ($5.48m).
Ranken has also won contracts valued at CNY47m ($6.96m) for the supervision of construction works for part of the Chengdu Metro Line No 17, and part of Hefei Rail Transit Line No 5.
Earlier, Ranken won design and build contracts worth a cumulative CNY673m ($99.69m) for the Metro Line’s first phase of development.
With the exception of the Taiyuan extension, which is slated for completion by end-2021, the contracts will be completed over the next 36 months.
Sapphire group CEO and managing director Teh Wing Kwan said: “Ranken’s strong execution capabilities and track records deepen its involvement in the mainland municipalities’ master plan for urban infrastructure, expanding our role in the development of up-and-coming Chinese cities, such as Taiyuan.”