A consortium comprising Beijing Urban Construction Design & Development (UCD) and an independent third party company has successfully won the bid for the Social Capital Partner Option Project of Part B of China Kunming Rail Transit Line 4 PPP Project.
The total investment amount of the project (i.e. the mechanical and electrical equipment and automobile engineering for Kunming Rail Transit Line 4) is about Rmb8.8 billion (EUR 1.1 billion). The project adopts the PPP+EPC cooperation model with a concession term of 30 years and a trial operation period of no more than two years.
UCD will establish a project company with the member of the consortium and the representative company designated by the Kunming Municipal Government for the project.
The construction of Kunming Rail Transit Line 4 is a northwest-southeast auxiliary line connecting the main city and Chenggong. The line has a total length of 43.49km with 29 stations. The total construction period will not exceed five years. The project is scheduled to start in 2016 and be completed in 2020.
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