Core Insights - The construction of the new section of National Highway 307 in Shanxi, with an estimated total investment of over 4.8 billion yuan, marks a significant step towards substantial construction and is a beneficial attempt at the BOT (Build-Operate-Transfer) model in Shanxi [1] - Shanxi Road and Bridge has won 17 concession projects totaling 1,296 kilometers and an investment of 99.2 billion yuan, demonstrating the importance of the concession model for the company [2] - The company reported a revenue of 785 million yuan from highway concession projects in the first half of 2023, a year-on-year increase of 2.31%, accounting for 99.32% of its total revenue [2] Investment and Financing - The new highway project will have a construction period of 36 months, with 20% of the total investment funded by the government and the concessionaire, while the remaining funds will be raised through project company financing [1] - The BOT model is the most commonly used method in Shanxi Road and Bridge's concession operations, providing a diversified financing model that ensures the smooth progress of projects [1] Recent Developments - In the second half of 2024, Shanxi Road and Bridge won multiple concession projects, including the Dazhong Ring Expressway and National Highways 109 and 208, with a total bid amount of approximately 12.9 billion yuan [4] - The first highway concession project in Shanxi, the Fenzhi to Wutai Expressway, has been signed, with a total length of 71.246 kilometers and an investment of 10.498 billion yuan [5] - The company currently manages and operates approximately 3,992 kilometers of various grades of highways, establishing itself as a key player in transportation project investment and construction in Shanxi [5]

Group 1 - The company announced its participation in a consortium to bid for the "National Highway Network G7611 Duyun to Shangri-La Highway Ninglang to Shangri-La Section and Hongning Branch Project" in collaboration with Yunnan Provincial Transportation Investment Construction Group and other entities [1] - The company will invest 2 million yuan in the project and hold a 0.4% equity stake in the newly established project company, Yunnan Duxiang Highway Co., Ltd. [1] - The company plans to sign a construction general contract for the project, with a contract amount of 977.627 million yuan, which involves landscape greening, environmental protection facilities, and related construction works [2] Group 2 - The construction contract constitutes a related party transaction, as the project company is a subsidiary of the company's controlling shareholder, Yunnan Transportation Investment [2] - The related party transaction amount is 977.627 million yuan, and it has been submitted for approval by the company's board and supervisory committee, with certain directors abstaining from voting [2] - This related party transaction does not qualify as a major asset restructuring under relevant regulations and does not require additional approvals [2]

Group 1 - The company held its 15th meeting of the 8th Board of Directors on July 25, 2025, with all 9 directors present, complying with relevant laws and regulations [1][2] - The Board approved a construction contract with Yunnan Duxiang Expressway Co., Ltd. for the G7611 Duan to Shangri-La Highway project, with a contract amount of 977.627 million yuan [1] - The independent directors reviewed the related party transaction and provided independent opinions, ensuring transparency in the decision-making process [1] Group 2 - The voting results for the contract approval were 5 votes in favor, 0 against, and 4 abstentions, with the proposal needing to be submitted to the shareholders' meeting for further approval [2] - The company scheduled a meeting for August 11, 2025, at 14:30 for the capital contributors and the third temporary shareholders' meeting of 2025 [2] - The voting results for the shareholders' meeting were unanimous approval with 9 votes in favor, 0 against, and 0 abstentions [2]

Group 1 - The company held its 13th meeting of the 8th Supervisory Board on July 25, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2] - The Supervisory Board approved a proposal for a related party transaction involving a construction contract with Yunnan Duxiang Expressway Co., Ltd., valued at 977.63 million yuan, aimed at increasing the company's business reserves and revenue [1][2] - The transaction was deemed to align with the company's actual situation and not harm the interests of the company or its shareholders, with necessary decision-making procedures followed [1][2] Group 2 - The voting results for the proposal were 2 votes in favor, 0 against, and 0 abstentions, with 1 supervisor recusing themselves [2] - The proposal will be submitted for approval at the company's shareholders' meeting [2] - The decision document was signed by the attending supervisors and stamped with the Supervisory Board's seal [2]

评审会上，项目施工单位聚焦两大核心方案展开详细汇报：钢箱梁安装环节，从构件运输、吊装定位到焊接工艺，全流程技术要点逐一拆解，精准呈现施工 中的精度控制与安全保障措施；枢纽互通保通专项方案则围绕施工期间的交通导改、车辆分流、临时设施搭建等内容，系统阐述如何在保障既有道路通行的 前提下推进工程建设。 来自桥梁工程、交通组织等领域的专家组成员认真听取汇报，结合项目实际地形地貌与施工难点，从技术可行性、工艺规范性、安全冗余度等多个维度深入 研讨。经过两天的细致评审，专家组一致认为，两套方案数据详实、逻辑清晰，施工工艺成熟可行，能够满足项目建设需求。同时，专家们还针对钢箱梁焊 接质量把控、复杂工况下的交通疏导细节等提出优化建议，为方案"再升级"提供专业支撑。 式汉都市圈环线高速 中国发展网讯武汉都市圈环线高速公路建设再传捷报。7月12日至13日，孝感北段一期土建工程钢箱梁安装及枢纽互通保通方案顺利通过专家评审，这一关 键节点的突破，为项目后续高效施工、安全推进筑牢技术根基，也让武汉都市圈环线高速的"孝感速度"再添加速度。 下一步，项目团队将根据专家意见细化完善方案，迅速启动钢箱梁安装及枢纽互通施工准备工作。随着各项技术 ...

Core Viewpoint - The construction of the Lixian Expressway by Hubei Communications Investment Group emphasizes ecological priority, showcasing innovative techniques that harmonize engineering with nature [2] Group 1: Environmental Initiatives - The expressway features a remarkable 98% coverage rate of vegetation along its slopes, achieved through the planting of 63,042.5 square meters of grass and shrubs, equivalent to five standard basketball courts [3] - An innovative ecological "green base" of nearly 800 cubic meters was created using special bags filled with soil and grass seeds, effectively addressing the challenges of planting on steep terrain while preventing soil erosion [4] Group 2: Technological Innovations - Advanced dust suppression technologies, including a mist spraying system and mobile dust suppression vehicles, are employed to minimize construction dust at the source [5] - An intelligent environmental monitoring system operates 24/7, tracking noise and dust levels, with real-time data uploads and automatic alerts when thresholds are approached, ensuring compliance with national standards [5] Group 3: Sustainable Practices - The project team conducts thorough site assessments to determine the best plant species for local conditions, ensuring sustainable growth on steep slopes [7] - Regular ecological protection training is provided to all construction personnel, fostering a culture of environmental stewardship among workers [7]

Group 1 - The Ankang to Lanrao (Shaanxi-Chongqing border) expressway and the southern section of the Xi'an outer ring expressway have been included in the first batch of national "Safe Century Quality Project" demonstration projects by the Ministry of Transport [1] - Shaanxi has established a comprehensive quality safety supervision system covering the entire chain of highway engineering from design to construction and acceptance, focusing on geological disaster sections and ecological environmental considerations to enhance disaster resistance [1][2] - The province has implemented a special rectification plan targeting quality management issues in transportation infrastructure construction, with 21 specific rectification tasks focusing on key areas such as subgrade pavement and bridges [2] Group 2 - A complete quality traceability system has been established, with a 100% collection rate of hidden project imaging data for ongoing highway projects in the province [1] - The integration of smart sensing technology in tunnel engineering is being promoted, with key technology research on intelligent monitoring of tunnel load conditions [1] - The province aims to deepen quality safety supervision reforms and accelerate the construction of a smart supervision platform to support high-quality economic and social development [2]

Group 1 - The State Council has announced the implementation of the "Rural Road Regulations" starting from September 15, 2025, focusing on improving the quality of rural road networks and integrating them with national and provincial roads [1] - The regulations require new rural roads to meet technical standards and existing roads that do not meet minimum standards to be upgraded [1] - The investment in rural road construction is projected to exceed 1.5 trillion yuan from 2025 to 2030, with 2024's investment reaching 455 billion yuan, maintaining a high level for eight consecutive years [1] Group 2 - The Ministry of Finance has issued guidelines to enhance the quality of rural roads, increasing fiscal subsidies and creating a multi-source investment model involving central finance, local matching funds, and social capital [2] - Rural roads are identified as a core link for urban-rural integration, supporting agricultural modernization, rural tourism, and cold chain logistics, indicating a continuous release of market potential [2] Group 3 - A-share related concept stocks include Dagang Holdings and Guochuang High-tech, which may benefit from the developments in rural road construction [3]

四川成渝（601107）公告，公司与中国华西企业股份有限公司、四川省交通建设集团有限责任公司、四 川公路桥梁建设集团有限公司、四川高路信息科技有限公司组成联合体，共同投资G5京昆高速公路成 都至雅安段扩容工程项目。项目估算总投资约为人民币285.48亿元，其中项目资本金为总投资的 20.20%，约为人民币57.67亿元。公司出资约49.02亿元，占比85%。根据招标文件，联合体需在《中标 通知书》发出之日起30日内与招标人签订本项目投资协议，并在投资协议签订之日起90日内设立项目公 司。 ...

东营市公路事业发展中心工程科副科长韩冬表示，下一步，东营市公路事业发展中心将加强调度，科学组织，集中解决关键节点、难 点，确保完成年度目标任务，2025年底前实现西四路以东段交工通车，2026年实现西四路以西段与津潍高铁黄河公铁大桥同步交工通 车。 南外环建成后，不仅可以为东营市增添一条东西向的交通大通道，进一步完善区域路网布局，还为城市扩容提供了空间，为周边经济社 会发展带来了更多可能，也将促进沿线经济协同联通，带动城市"生长"。(大众新闻记者张园园杜美萱) "目前S227(西四路)以东段，已完成路基53%，桥涵41%，路面5%。S227(西四路)以西段，完成清表67%，路基13%，桥涵14%。累计完成 投资23.5亿元，占总投资的36.8%。"G220东深线东营段(南外环)改建工程项目技术负责人范基星介绍。 作为东营市又一条贯通东西的交通动脉，G220东深线东营段(南外环)改建工程，一直备受关注。南外环改建工程项目起于G220与东八路 明海闸交叉点，止于G220利津与滨州界，全长67.3公里，分东西两段，按照双向六车道一级公路标准建设。 G220东深线东营段(南外环)改建工程东段于2024年4月29日开工 ...