XingWen
County

Xingwen County Project is a 220 kilometres road construction project, sectioned into 26 parcels, valued at RMB 550 million (est. SGD 110 million), collaborated with the local government of Xingwen County under the management of the Raffles Infrastructure’s subsidiary, Bo Dao Road Construction Co., Ltd. where the Company holds a stake of 90.91%.

Using Equity and Debt Financing as a structure, the project returns are calculated based on cost of construction + 8.8% return per pear on construction cost amortised over 10years. This revenue is recongnised upon acceptance of the each road parcel. As of period ended 30 June 2021, the construction is approximately 80% completed. 

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