China toll operator to invest $8.1bn

Sichuan Expressway (0107.HKG, 601107.SHA), a firm operating toll roads, bridges and tunnels throughout China, is set to invest US$8.1 billion (RMB50 billion) in infrastructure projects, Bloomberg reported, citing the company’s filing to Hong Kong stock exchange Tuesday. The toll operator entered a “strategic cooperation agreement” with the province’s Renshou county. The preliminary agreement includes plans to develop urban infrastructure, real estate, industrial and logistics parks, transportation and expansion of the county’s expressways. Separate formal agreements will be made to set out the cooperation methods, project periods and investment amounts of each project, Sichuan Expressway said.