Guangzhou-Shenzhen Expressway was jointly established by Guangdong Provincial Highway Construction Company (Party A) and Hong Kong Hehe China Development (Expressway) Co., Ltd. (Party B). 198 1 June, the two sides signed the Letter of Intent for Cooperative Construction of Guangzhou, Shenzhen and Gongbei (Guangshen Arch) Expressway. By April of 1988, the research and approval of each stage were completed according to the capital construction procedures, the cooperation contract was signed and approved, the industrial and commercial enterprise registration and tax registration were completed, and Guangzhou-Shenzhen-Zhuhai Expressway Co., Ltd. was established in May of 1988. The board of directors of the company plans to complete the preparatory work before construction such as construction drawing design, land acquisition and demolition in more than one year, and start construction in the winter of 1989.

1990 In March, with the efforts of both partners and the support of Bank of China Hong Kong Branch and Hongkong and Shanghai Banking Corporation, the project financing was resumed, and an international financing syndicate was successfully established in March, and a project mortgage loan agreement of US$ 800 million was signed. February 199 1 Complete the project financing mortgage loan documents approved by relevant domestic departments; In February, 1992, Guangdong Provincial Construction Committee approved the construction of the whole line; In July, 1994 main road and bridge project was completed and put into temporary trial operation; In June, the 1996 project was completed for acceptance; In June, 1997.

The total investment of Guangzhou-Shenzhen Expressway Project is 65.438+34 billion USD and 704 million RMB (including Huanggang Port Project, Shenzhen Special Zone Checkpoint Project and interest during the construction period), in which Hong Kong Hehe China Development (Expressway) Co., Ltd. provides registered capital of 90 million USD and shareholder loan of 450 million USD, and the international financing syndicate provides project mortgage loan of 800 million USD. China Hehe Development (Expressway) Co., Ltd. is the first borrower of this loan, which was lent to Guangzhou-Shenzhen-Zhuhai Expressway Co., Ltd. on the same terms. Domestic banks provided a loan of 704 million yuan (including interest on accounts during the construction period) to pay for land acquisition and demolition.