Anhui Expressway: Plans to invest 5.42 billion yuan in the expansion and renovation project of the Anhui section of the Lianyungang-Horgos Expressway.
WanTong Expressway announced that the board of directors convened on February 6th to review and approve the investment in the expansion and reconstruction project of Anhui section of G30 Lianhuo Expressway. The project does not require approval from the shareholders' meeting and does not constitute a major asset restructuring or related party transaction. The estimated total investment of the project is approximately 5.42 billion yuan, of which 1.084 billion yuan is from the company's own funds and the remaining 4.336 billion yuan will be solved through loans, with an estimated investment of 440 million yuan in 2026. The project is planned to start construction in 2026 and be completed in 2029, which will improve traffic capacity and revenue, but there are risks related to policies, operation, and interest rates.
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