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China Railway Construction wins $2.7 bln contracts

HONG KONG, July 30 (Reuters) - China Railway Construction Corp 601186.SS1186.HK said late on Wednesday it won 10 railway construction contracts in the mainland worth a total of 18.3 billion yuan ($2.68 billion).

The value of the contracts represented 8.1 percent of the company’s revenue in 2008 according to Chinese accounting standard, the company said. The contracts are for building rail links in Chinese cities including Tianjin, Nanjing, Hangzhou and Chengdu.

For statement please click here (US$1=HK$7.75=6.831 yuan) (Reporting by Donny Kwok; editing by Jonathan Hopfner)

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