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An announcement from Anhui Expressway Company ( (HK:0995) ) is now available.
Anhui Expressway Company Limited has gained approval from the Development and Reform Commission of Anhui Province for a significant reconstruction and expansion project on the Gaojie Expressway, a key section of the G50 Huyu Expressway. This project, with an estimated investment of RMB12,303 million, aims to double the expressway’s lanes to enhance traffic capacity and competitiveness within the regional highways network. It is expected to be completed by the end of 2027, addressing current traffic congestion challenges and supporting the company’s sustainable development by potentially extending the toll period upon completion.
More about Anhui Expressway Company
Anhui Expressway Company Limited is a joint stock company incorporated in the People’s Republic of China, focusing on the development and management of expressways. The company operates in the infrastructure sector, playing a vital role in national expressway networks, particularly within Anhui Province.
YTD Price Performance: 1.49%
Average Trading Volume: 1,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
For detailed information about 0995 stock, go to TipRanks’ Stock Analysis page.
