Wenzhou rail company wins Georgia contract

PUBLISHED : Friday, 05 August, 2011, 12:00am
UPDATED : Friday, 05 August, 2011, 12:00am

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China Railway Construction Corp yesterday won the bid for a railway upgrade project in Georgia, according to the Hong Kong stock exchange. The project is worth 2.19 billion yuan (HK$2.65 billion) CRCC helped build the Wenzhou high-speed-rail line, site of the recent fatal crash. Its stock price has since fallen from HK$5.85 to HK$4.49.