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Private interest in China roads and rail

Article Abstract:

Activity in China's infrastructure development sector has switched from power stations to toll roads and railways. Traditionally, toll roads have been more popular, mainly because they are more easily financed by the private sector. It is estimated that $1 billion-worth of investment in toll roads on the way, with much of the equity to be listed in Hong Kong. The State Development Bank is set to lend some $1.4 billion to priority railway building projects in 1997.

Administration of Urban Planning and Community and Rural Development, Public Works Projects NEC, Railroads, Public works, Finance

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WU finalises power deal in Australia

Article Abstract:

Consolidated Electric Power Asia (Cepa) has reportedly won approval for a coal fired plant in southern Pakistan following acceptance by the government of a bond from Cepa. Meanwhile, the company has encountered problems in the Philippines over a bid to construct a power station. Cepa's bid has been disqualified due to Mitsubishi Turbine, Cepa's partner for the project, being ruled to have connections with Westinghouse Electric, which is blacklisted.

Manufacturing and Industrial Building Construction, Electric Generating Plant Constr, Investments, Industrial equipment and supplies industry, Industrial equipment industry, Electric power plant construction, Consolidated Electric Power Asia

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Guangdong Expressway

Article Abstract:

Guangdong Provincial Expressway Development, which manages toll roads and bridges in Guangdong province in China, has raised $62 million through a stock market listing. The shares were around three times subscribed, even though they were the most expensive B shares to have been listed so far in 1996. The offering was made up of 135 million B shares, selling at HK$3.54 each.

Securities, Guangdong Provincial Expressway Development

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