China Railway wins a new line deal

China Railway Group Ltd, Asia's biggest construction firm, won a 5.08 billion yuan (US$743 million) station-construction contract for the Shijiazhuang-Wuhan railway line.

The contract is equal to about 2.8 percent of the firm's operating income in 2007 under Chinese accounting standards, it told Hong Kong's stock exchange yesterday.

(2008-10-14 source:Shanghai Daily)