China Railway wins $1.55 bln rail contract

SHANGHAI, July 22 - China Railway Group <0390.hk> <601390.ss>, the country's largest railway and highway builder, said on Tuesday it has won a railway construction contract worth 10.58 billion yuan .
The value of the contract to build passenger rail links between Beijing and the northern Chinese city of Shijiazhuang is equivalent to 5.9 percent of its 2007 sales under domestic accounting standards, it said in a statement.