China Railway wins $263 million construction deal

SHANGHAI, April 21 (Reuters) - China Railway Group (601390.SS: Quote, Profile, Research) (0390.HK: Quote, Profile, Research) said on Monday it had won a 1.84 billion yuan ($263.1 million) contract for a domestic railway construction project.

In a filing with the Shanghai stock exchange, China Railway Group said it would build a 70-kilometre railway in the southwestern province of Yunnan and the value of the contract represented 1.1 percent of its 2006 revenue.

The project would take 1,796 days to complete, it added.

The firm raised $5.5 billion in a dual Shanghai and Hong Kong listing late last year, attracting strong investor interest as it benefits from massive infrastructure spending in China and expansion overseas.

(Reporting by Charlie Zhu; Editing by Tomasz Janowski)