Jasper heads infrastructure development in China

It will be a three-year project.

Singapore-listed transportation and infrastructure solutions group Jasper Investments Ltd. unveiled its appointment as a project manager for an infrastructural project in Sanya, Hainan island.

The announcement comes after the Jasper entered into an agreement with LuYuan Construction Engineering to be appointed as the project manager for which LuYuan is the principal contractor.

"The project involves, among others, marine transportation of construction materials (including earth and rocks) required for earthworks," the group stated in their announcement.

The group intends to incorporate a new-wholly-owned subsidiary to take the role of project manager.

Meanwhile, the company also entered into agreement with China Nuclear Industry Zhongyuan Construction to collaborate to undertake aspects of the infrastructural project in the Sanya coastal region.