Group 1 - The company has entered into a preliminary agreement with Ningbo Zhoushan Port for the investment and implementation of the G92 Hangzhou Bay Ring Expressway project, specifically the section from Qijia Mountain in Ningbo to Jintang in Zhoushan, with an estimated investment of approximately RMB 15.985 billion [1] - The project will be funded with 45% as project capital, amounting to approximately RMB 7.193 billion, with the company and Ningbo Zhoushan Port contributing a combined 60% of the project capital [1] - A new company will be established to manage the project, which will have the concession rights for investment, financing, construction, operation, and management [1] Group 2 - The G92 Hangzhou Bay Ring Expressway project will span approximately 18.052 kilometers, connecting Ningbo and Zhoushan, and includes a 11.604-kilometer underwater tunnel and multiple interchanges [2] - This project is expected to enhance the traffic capacity and service level of the cross-sea passage between Ningbo and Zhoushan, alleviating traffic pressure on the existing cross-sea bridge and promoting regional economic and social development [2] - As the longest underwater tunnel road in Zhejiang Province, this project will help the company establish itself as a benchmark in the industry, enhancing its strategic position and reputation within the high-grade highway network [2]
浙江沪杭甬(00576)拟出资36.68亿元参设项目公司以投建G92杭州湾地区环线高速公路宁波戚家山至舟山金塘段