China Railway Group’s largest shareholder, China Railway Engineering Corporation, reported that its subsidiary, China Railway Tenth Group, won USD 112 million contract to rebuild Port Palua in Venezuela.

The port handles iron ore shipping and has annual terminal loading capacity of 3.5 million tonnes.

Its annual terminal loading capacity is expected to rise to 7.2 million tonnes after the reconstruction.

China Railway Tenth Group is involved in railway and highway engineering, as well as the construction of housing, bridges, subway systems, and tunnels. It also conducts hydropower engineering construction.

(Sourced from CapitalVue)