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Article: China : NWS to invest 1 billion yuan/year in China projects.
- Article from:
- TendersInfo
- Article date:
- September 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: rakshali03
NWS Holding (0659.HK: Quote, Profile, Research, Stock Buzz) sees its $1.76 billion China rail container venture as a "cash cow" benefiting from China's massive spending on its jammed rail system, a senior executive said on Wednesday.
NWS also plans to invest 1 billion yuan each year in other China infrastructure projects, with a focus on the water industry, Tsang Yam Pui, executive director of NWS, said at the Reuters China Investment Summit.
NWS, an infrastructure and service arm of property firm New World Development 001.7.HK, holds a 22 percent stake in China United International Rail Containers Co, making it the ...
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