China to bid for Indian highway projects

China to bid for Indian highway projects
14/07/2016 , by , in ALLIED

Construction Company China Railway Construction Corporation has evinced interest in bidding for Rs 35,000-40,000 crore worth of highway contracts in India. Top executives of the Chinese construction major held a meeting recently with National Highways Authority of India (NHAI) Chairman Raghav Chandra to discuss the proposal.

The Chinese company has annual turnover of $100 Billion and market capitalization of around $250 billion is likely to bid for both government funded and public private partnership (PPP) projects.

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