China Railway Construction Corp enters into new overseas agreement

China Railway Construction Corp enters into new overseas agreement
China Civil Engineering Construction Corporation, a subsidiary of the Company, and Egyptian National Railways entered into an initial agreement on the rehabilitation and renewal project of Egyptian Railway Network on 12 April 2015, with an estimated value of US$600 million (equivalent to approximately RMB3,726 million), representing approximately 0.63% of the Company’s operating revenue for the year 2014 under the PRC accounting standards.
further negotiations in respect to the relevant details will need to be worked out before both parties enter into a more specific implementation agreement, according the CRCC.
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