Bidding Announcement for Cooperative Investors of the He County–Wuwei Section of the G4231 Nanjing–Jiujiang Expressway

1. Project Content: The He County–Wuwei Section of the G4231 Nanjing–Jiujiang Expressway (hereinafter referred to as the Project) is located in Wuhu City and Ma'anshan City. It starts at the Laoqiao Interchange on the northwest side of Laoqiao Town, He County, Ma'anshan City, intersecting with the G4221 Shanghai–Wuhan Expressway, and ends at the S30 Tongling–Shangqiu Expressway, connecting seamlessly with the Wuwei–Anqing Section of the G4231 Nanjing–Jiujiang Expressway currently under construction. The route length is 68.778 km. The entire line is built to a two-way, four-lane expressway standard with a design speed of 120 km/h and a subgrade width of 27 m. The planned construction period is three years. The estimated total investment is 10,481.06 million yuan, with an average cost of 152.39 million yuan per kilometer. The specific project details shall be subject to the finally approved Project Application Report.

With the approval of the Wuhu Municipal People's Government and the Ma'anshan Municipal People's Government, the Project is implemented under a franchise model, and the Wuhu Municipal Transport Bureau and the Ma'anshan Municipal Transport Bureau are jointly authorized as the project implementation agencies. The implementation agencies selected the franchisee through public bidding. In November 2023, the winning bidder was determined to be the consortium composed of CCCC First Highway Engineering Group Co., Ltd. and CCCC Second Highway Engineering Co., Ltd., and the Investment Agreement was signed in December. In accordance with the provisions of the Investment Agreement, the winning franchisee lawfully established the project company, namely CCCC First Highway Engineering (Anhui) Expressway Co., Ltd.

To implement the spirit of the Guiding Opinions on Regulating the Implementation of the New Mechanism for Government and Social Capital Cooperation issued by the National Development and Reform Commission and the Ministry of Finance, and to further encourage and support the participation of private capital, the project company plans to conduct bidding for cooperative investors to introduce private enterprises. The bidding for cooperative investors of this Project is divided into one lot, named "Bidding for Cooperative Investors of the He County–Wuwei Section of the G4231 Nanjing–Jiujiang Expressway." The scope of bidding covers the cooperative investors of the He County–Wuwei Section of the G4231 Nanjing–Jiujiang Expressway. The services mainly include acquiring a certain equity interest in the project company through equity transfer (the specific equity ratio shall be based on the winning bidder's bid price) and serving as a shareholder of the project company; raising the corresponding proportion of project capital according to its equity ratio and providing corresponding financing support to the project company in proportion to its capital contribution; and participating in the management of the project company as a shareholder in accordance with the Company Law of the People's Republic of China and the Articles of Association, enjoying corresponding rights and obligations. This bidding is solely for the cooperative investors of the project company and does not involve the general construction contracting of the project or other work contents.

2. Estimated Contract Price: The estimated total investment of the Project is 10,481.06 million yuan (subject to the approved Project Application Report). In this bidding for cooperative investors, the cooperative equity ratio is used as the bidding factor for bidders to quote, and the quoted cooperative equity ratio shall not be less than 35%.

3. Source of Project Funds: Self-raised by the winning bidder.

4. Deadline for Submission of Bids (Bid Opening Time): 09:15 on August 14, 2024.