Sapphire unit wins 3 new rail contracts worth $57 mil

SINGAPORE (Dec 11): Sapphire Corporation’s subsidiary Ranken Railway Construction Group Co. has secured three new rail transit contracts in Chengdu, China worth a total of RMB 280 million ($57 million).

The main contracts, worth RMB 253 million, primarily involve the construction of two tunnels close to 3km long between Fuzhou Road Station and Xinglong Station, as well as certain open cut earthworks along the Chengdu Metro Line 18.

The other contracts, worth RMB 27 million, will see Ranken supervise the construction of the line’s second phase, spanning 25km of tracks, from Sancha Station to Terminal 1 and 2 of Tianfu International Airport Station.

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