Longjian Road & Bridge-led consortium wins RMB706mln bid for a road project in Bangladesh

People participate in a fish hunting festival in Sylhet, Bangladesh, on Jan. 16, 2021. (Xinhua)

Longjian Road and Bridge Co., Ltd. (Longjian Road & Bridge, 600853.SH), a state-owned engineering company based in northeast China's Heilongjiang province, announced Wednesday that a consortium, formed by the company and Bangladesh-based Max Infrastructure Limited, has won a bid for a road construction project in Bangladesh, reported Xinhua-run Shanghai Securities News.

According to the announcement, the project is located in Dhaka-Sylhet of Bangladesh, and the bid involves investment equivalent to about 706 million yuan. 

Longjian Road & Bridge, as the leader of the consortium, owns 90 percent shares of the consortium. As a large construction company in Bangladesh, Max Infrastructure Limited has the rest 10 percent shares of the consortium.

Longjian Road & Bridge noted that the project will increase the company's presence in Bangladesh market and accumulate engineering experience in foreign countries.