Core Viewpoint - The announcement by Yuexiu Transportation Infrastructure regarding the awarding of a construction contract for the Huocun Interchange project is expected to enhance the operational capacity and future development potential of the company's toll road business [1][2]. Group 1: Contract Details - Yuexiu Transportation Infrastructure announced that its indirect subsidiary, Guangzhou Beierhuan Company, awarded a construction contract to Poly Longda Engineering for the Huocun Interchange project, with a contract value of RMB 723,192,596 [1]. - The contract is to be formalized within 30 days from the issuance of the award notification [1]. Group 2: Project Background - The Huocun Interchange connects the Guangzhou North Second Ring Expressway with the G4 Beijing-Hong Kong-Macau Expressway, which is undergoing expansion and improvement projects [2]. - The construction management agreement signed on June 16, 2025, between Guangzhou Beierhuan Company and Guangshen Zhu Expressway Company indicates that the former will manage the public ramp improvement works for the Huocun Interchange [2]. Group 3: Strategic Importance - The Guangzhou North Second Ring Expressway is a crucial part of the Greater Bay Area highway network, and the increasing traffic volume in Guangzhou has led to saturation on this expressway [2]. - The implementation of the Huocun Interchange construction project is anticipated to improve the quality of assets on the Guangzhou North Second Ring Expressway, thereby strengthening the company's core advantages in investment, construction, operation, and management of toll roads [2].
越秀交通基建(01052.HK)授出有关火村立交土建工程的拟议土建协议