---
title: "NB CONSTRUCTION: The consortium is pre-selected for the comprehensive development project of the eastern part of the urban integration area of the Ningbo hub (second re-bidding)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235178630.md"
description: "Ningbo Construction, along with its subsidiaries and other companies, has become the preferred bidder for the comprehensive development project of the Ningbo Hub's urban integration section in the eastern area. The total scale of the project is 10.302 billion yuan, with a cooperation period of 10 years and a construction period of 6 years. The registered capital of the project company is 200 million yuan, with the bidder and the winning bidder jointly contributing funds, holding equity ratios of 10% and 90%, respectively"
datetime: "2025-04-09T09:01:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235178630.md)
  - [en](https://longbridge.com/en/news/235178630.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235178630.md)
generator: "portal-rs"
---

# NB CONSTRUCTION: The consortium is pre-selected for the comprehensive development project of the eastern part of the urban integration area of the Ningbo hub (second re-bidding)

According to the Zhitong Finance APP, Ningbo Construction (601789.SH) announced that the company, along with its wholly-owned subsidiary Ningbo Construction Engineering Group Co., Ltd. (hereinafter referred to as "Construction Group") and its controlling subsidiary Ningbo Municipal Engineering Construction Group Co., Ltd. (hereinafter referred to as "Municipal Group"), as well as Ningbo Metallurgical Survey and Design Research Co., Ltd. (hereinafter referred to as "Ningye Survey"), formed a consortium and is a candidate for the winning bid for the comprehensive development project of the eastern section of the Ningbo hub's integration of industry and city (second re-bidding).

Project cooperation model: After determining the winning bidder, the bidder and the winning bidder will jointly invest to establish a project company, with a registered capital of 200 million RMB. The bidder's equity ratio is 10%, and the winning bidder's equity ratio is 90%. The project company will be specifically responsible for the planning, design consulting, investment and financing, construction, handover, and operation of the project. The scale of project cooperation is tentatively set at 10.302 billion RMB, including 5 billion RMB for preliminary expenses of the area development and 5.302 billion RMB for engineering construction investment (including engineering costs of 4.545 billion RMB, other construction costs of 505 million RMB, and contingency costs of 252 million RMB). The scale of engineering construction investment is based on the sum of the approved estimated investment amounts of all sub-projects. Bid floating rate: construction and installation engineering cost reduction rate of 5%, investment return rate of 5%. Cooperation period: 10 years, including a construction period of 6 years

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**