China Infrastructure Investment Corporation: China Infrastructure Investment Cites Report on Positive Economic Impact of Toll R

Published in Business and Finance on Wednesday, July 8th 2009 at 5:09 GMT, Last Modified on 2009-07-08 05:09:31 by Market Wire
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BEIJING--(Marketwire - July 8, 2009) - Citing an article on toll road construction in Henan published in the June 26, 2009 issue of China Highway, China Infrastructure Investment Corporation (NASDAQ: [ CIIC ]) said today the article provides further confirmation that toll roads clearly have accelerated economic development in Henan Province largely by greatly reducing travel time from Henan to neighboring provincial capitals.

China Infrastructure, which operates the important Pingling Expressway in Central Henan, said the article notes this growth is reflected in such statistics as the 10% growth in Henan's transportation sector, the 42 joint ventures established in Henan by Fortune 500 companies, and the rapid growth in Henan's GDP which now is fifth overall in China.

Mr. Li Xipeng, Chairman and CEO of the Company, commented, "We share the belief that there is a direct correlation between these statistics and the toll road construction programs in Henan which have led China for three consecutive years, as measured by the increasing total length of these roads each year, going from a total of 3223km in 2006 to an estimated 5010km in 2010."

"Of course," Mr. Li stated, "these construction programs also increase employment. Toll roads currently under construction in Henan are creating over 700,000 jobs, and there will be another ten toll roads starting to be built in Henan before year end. Additionally, the investment in toll road infrastructure in Henan between 2003 and 2008 reached RMB 13.76 billion (US$2.04 billion)."

Mr. Li stated further, "We think Henan's economic successes will point the way to continuing development of toll roads throughout the country, which we believe bodes well for the future of our Company as we pursue our goals."

About China Infrastructure Investment Corporation:

China Infrastructure Investment Corporation, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing in, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pingling Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China. The Company is actively pursuing additional acquisition and development opportunities in infrastructure projects, including expressways, electricity, water supply and bio fuel facilities. For more information, please visit [ www.ciicusa.com ].

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of alternative new routes and modes of transportation, pricing and new technology; changes in consumer preferences, and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of maintenance and construction, and other factors such as those discussed in the Company's reports filed with the Securities and Exchange Commission. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

No securities regulatory authority has either approved or disapproved the contents of this news release.

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