Sapphire wins $63 mil in new metro contracts in China

SINGAPORE (July 24): Sapphire Corporation has secured new infrastructure contracts in China worth RMB 308 million ($63 million), sustaining its order book at RMB 2.6 billion, from about RMB 2.5 billion as previously announced.

Sapphire’s subsidiary Ranken Railway Construction Group Co. secured a RMB 224 million ($46 million) civil engineering contract for the Ningbo Rail Transit Line, which covers three intervals: the Pan Song Section, Song Nan Section and Nan Jin Section.

Ranken will also undertake design consultancy works for the second phase of Taiyuan City’s Metro Line 2, worth RMB 37 million.

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