Marina facilities will be used in the Sanya leg of Volvo Ocean Race in 2012
TORONTO, Dec. 6 /CNW/ - Boyuan Construction Group, Inc., (TSX: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has initiated construction of a 40,000 square meter clubhouse facility in the new Serenity Marina located in Sanya, Hainan Island. The project has a contract value of US $7.5 million and is expected to be completed by the second quarter of calendar 2011. The new facility is being constructed, along with the 400,000 square meter marina, in preparation for the Sanya leg of the Volvo Ocean Race, scheduled for February, 2012.
"We are extremely proud of the role we are playing in the building up of Sanya, which has rapidly emerged as a major tourist and recreation destination," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "The marina project speaks to Sanya's growing reputation on the world stage. Once the new clubhouse facility is completed, it will be our highest profile project to date given that it will be a stop-over destination in one of the world's major yacht sailing races."
Held every three years, the Volvo Ocean Race is a yacht race around the world. The race covers approximately 39,000 nautical miles and takes more than nine months to complete. Sanya will be the end destination of the third leg of the race from Abu Dhabi, United Arab Emirates and will be the starting point of the fourth leg, which will end in Auckland, New Zealand. It is estimated that the race will reach a cumulative TV audience of 2 billion worldwide. More details on the race can be found at http://www.volvooceanrace.com
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of commercial building and residential construction, municipal infrastructure and engineering projects. In its last three fiscal years ending June 30, 2010, Boyuan completed more than 80 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and General Electric. Boyuan's current project backlog includes residential, commercial, industrial and mixed-use developments. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province. For more information visit www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup.
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