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NARI Technology Development Ltd Co signs BT contract with Nari Group Corp, China Railway Construction Co., Ltd. and Fiberhome Telecommunication Technologies Co Ltd


Tuesday, 24 Dec 2013 07:00pm EST 

NARI Technology Development Ltd Co:Says NARI Technology Development, Nari Group Corp, China Railway Construction Co., Ltd. and Fiberhome Telecommunication Technologies formed a joint entity (joint entity) and signed build-transfer (BT) contract with Wuhan Metro, to provide Line 8 railway construction.Says contract period 47 months and total contract amount is about 11.4 billion yuan.Says the joint entity will form a joint venture to operate the project.Says China Railway Construction Co., Ltd., NARI Technology Development, Nari Group Corp, and Fiberhome Telecommunication Technologies will hold a 35 pct stake, a 34 pct stake, a 30 pct stake and a 1 pct stake in the joint venture respectively. 

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