en.Wedoany.com Reported - China Communications Construction Company Limited (CCCC) intends to provide performance guarantees for two projects of its subsidiary John Holland under normal operating conditions, with guarantee liability limits of AUD 358 million (approximately RMB 1.679 billion) and AUD 1.377 billion (approximately RMB 6.457 billion), respectively. As of the date of this announcement, CCCC has actually provided a performance guarantee balance of RMB 24.312 billion for the guaranteed party John Holland.
Basic Information on the Guarantees
John Holland recently won the bid for the Melbourne Suburban Rail Loop G Package Project and the Sydney Metro West Line Track and Electromechanical Project. In accordance with the requirements of the project tender documents, CCCC, as the sole shareholder of CCCI, to which John Holland belongs, intends to provide project parent company performance guarantees in its own name for John Holland under normal operating conditions. The guarantee method is joint and several liability guarantees, with guarantee liability limits of AUD 358 million (approximately RMB 1.679 billion) and AUD 1.377 billion (approximately RMB 6.457 billion), respectively; the guarantee periods are estimated to be 13 years and 20 years, respectively, ensuring that John Holland fulfills its contractor obligations as agreed.
Basic Information on the Guaranteed Party
(I) Basic Information on John Holland
1. Establishment Date: September 1950
2. Place of Registration: Melbourne, Victoria, Australia
3. Principal Office Address: Melbourne, Victoria, Australia
4. Legal Representative: Not applicable
5. Registered Capital: RMB 3,307.653 million
6. Principal Business Activities: Urban rail transit engineering construction; highway engineering construction; construction of other roads, tunnels, and bridges, etc.
7. Principal Shareholder: CCCI (Hong Kong) Holding Limited
8. Key Financial Indicators: As of December 31, 2025, the guaranteed party had total assets of RMB 13,718.75 million, total liabilities of RMB 9,482.98 million, and net assets of RMB 4,235.76 million; in 2025, it had operating revenue of RMB 31,987.04 million and a net profit of RMB -541.60 million.
(II) Credit Standing of the Guaranteed Party
The guaranteed party is not a dishonest person subject to enforcement.
Main Contents of the Guarantee Agreements
(I) Guaranteed Party: John Holland;
(II) Guarantor: CCCC;
(III) Beneficiaries: Melbourne Suburban Rail Loop Authority and Sydney Metro;
(IV) Guarantee Method: Joint and several liability guarantee;
(V) Guarantee Amount: For the Melbourne Suburban Rail Loop G Package Project and the Sydney Metro West Line Track and Electromechanical Project, based on factors such as alliance equity ratio and liability risk, the guarantee liability limits are AUD 358 million (approximately RMB 1.679 billion) and AUD 1.377 billion (approximately RMB 6.457 billion), respectively. The specific guarantee amount shall be subject to all amounts, liabilities, awards, losses, damages, costs, etc., payable or potentially payable by the contractor to the owner during project implementation;
(VI) Guarantee Period: For the Melbourne Suburban Rail Loop G Package Project, considering the construction period, defect liability period, operation period, etc., the guarantee period is estimated to be 13 years; for the Sydney Metro West Line Track and Electromechanical Project, considering the construction period, defect liability period, etc., the guarantee period is estimated to be 20 years; the guarantee provided by the guarantor is valid until all obligations of the contractor are fully satisfied, performed, paid, or discharged.
