XingWen County
AboutReconstruction of provincial, county, township and other roads, with a total length of about 220 km
Construction Period2017- 31 Dec 2019
CustomerXingwen County government
Project ValueSGD 110m* (Est Construction Cost)
Raffles Infrastructure's Stake90.91%
Financing StructureEquity and Debt Financing
Project Est ReturnCost of construction + 8.8% return/year on construction cost amortised over 10 years (Recognised Upon Delivery Of Land Parcels)
StatusConstruction Progress 50%
5 out of 26 parcels delivered (Est 23% of revenue has been recognised so far- in 4Q and 5QFY19)
Payment TermsXingwen County government will make progressive payment within the next 10 years upon completion of each road parcel
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