|
The Group holds a diverse portfolio of investments in toll roads and bridges in China. These operating projects include Humen Bridge, Shantou Haiwan Bridge, Guangzhou-Shantou Highway (Huizhou Section), Yingkeng Highway and Panyu Bridge.
The Group has 51% interest in a jointly-controlled entity which holds investments in Humen Bridge, Shantou Haiwan Bridge and Guangzhou-Shantou Highway (Huizhou Section).
|
|
The Group's jointly controlled entity has a profit sharing ratio of 23% in Humen Bridge. With 2 toll stations and a total length of 15.8km, Humen Bridge is a 6-lane bridge linking Panyu and Dongguan, with its ends connected to Guangzhou-Shenzhen Superhighway and Guangzhou-Zhuhai Eastern Expressway. Humen Bridge is strategically located to bridge east coast and west coast of Pearl River, and is part of the artery in the expressway network linking Shenzhen, Hong Kong, Zhuhai and Macau. With development cost of RMB2.7 billion, Humen Bridge was constructed and has been operated by GSZ Superhighway Humen Bridge Co., Ltd., a Sino-foreign cooperative joint venture set up in 1994 with a registered capital of RMB273.9 million and concession period of 34 years and 8 months expiring in May, 2029. The average daily traffic flow of the bridge during the year 2009 was 57,682 vehicle trips (2008: 62,825 vehicle trips).
|
Humen Bridge
|
|
The Group's jointly controlled entity has 30% interest in Shantou Haiwan Bridge, which started commercial operation in December, 1995. The bridge was developed and is managed by Guangdong Shantou Bay Bridge Co., Ltd., a Sino-foreign cooperative joint venture established in December, 1993. The joint venture has a concession period of 35 years till 2028. Paid-up capital amounts RMB75 million. With development cost of RMB750 million, Shantou Haiwan Bridge is a 15.73km, 6-lane bridge located in the eastern entrance of Shantou Harbour. Connecting to Shenzhen-Shantou Expressway and Shanfen Expressway, Shantou Haiwan Bridge is part of the inter-provincial artery linking Guangdong and Fujian. The average daily traffic flow of the bridge was 13,508 vehicle trips during 2009 (2008: 13,258 vehicle trips).
The Group's jointly controlled entity has 51% controlling interest in Guangdong Guangshan Highway Huizhou Section Co., Ltd., a Sino-foreign cooperative joint venture set up in 1997 with concession of operating Guangzhou-Shantou Highway (Huizhou Section) for 30 years starting 1997. The joint venture has registered investment and registered capital of RMB608 million and RMB203 million, respectively. Guangzhou-Shantou Highway (Huizhou Section) links Zengcheng District of Guangzhou, Boluo, Huizhou, Huiyang, Huidong, and connects with Guangzhou-Shantou Highway (Shanwei Section). Starting operation in December, 1992, Guangzhou-Shantou Highway (Huizhou Section) is a 2-lane class II highway of 146km. The average daily traffic flow of the road was 17,574 vehicle trips during 2009 (2008: 15,105 vehicle trips).
Yingkeng Highway, composed of 13km of 4-lane class I highway and 35km 2-lane class II highway linking Yingde of Qingyuan and Shaoguan, commenced operation in November, 1998. Guangdong Yingde Highway Ltd, a Sino-foreign cooperative joint venture set up in 1997 with concession period for 30 years starting 1997, is responsible for the development and operation of the road. The joint venture has registered capital of RMB93.2 million, of which 70% was contributed by the Group. The average daily traffic flow of Yingkeng Highway during 2009 was 4,222 vehicle trips (2008: 3,572 vehicle trips).
Panyu Bridge, located in Panyu District of Guangzhou, is the main constituent part of the core expressway network linking Pearl River Delta region and Hunan Province. The 4.9km 8-lane bridge started commercial operation in 1998, and the average daily traffic flow during 2009 was 52,349 vehicle trips (2008: 54,690 vehicle trips). Development cost amounted RMB1 billion. Guangdong Pan Yu Bridge Company Limited was set up in October, 1994 as a Sino-foreign cooperative joint venture to develop and manage Panyu Bridge. The joint venture has registered capital of RMB270 million, and has been grant concession of 33 years expiring in 2027. The Company has 20% effective interest in the joint venture.
Last revision date: July 2010
|
