# Sichuan Road & Bridge (Group)

Sichuan Road & Bridge (Group) is a Corporate Investor based in Chengdu, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Chengdu, China
- **Region:** Asia
- **Address:** Chengdu, Sichuan, China
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** scrbg.com

## Regulatory record

- **Reports private funds:** No

## About

Sichuan Road & Bridge Group was established in 1998 as the listed engineering and construction platform for what is now Shudao Investment Group, with the Sichuan Provincial SASAC as its ultimate controlling shareholder. The firm's origin lies in consolidating provincial road-building assets into a single entity capable of executing China's western infrastructure build-out, and it has consistently ranked among the Fortune China 500 as one of the country's largest transport-construction enterprises. SRBG deploys capital across three intertwined lanes: heavy civil construction, infrastructure concessions, and direct mining equity. The firm builds and then often operates the asset — its portfolio includes the Yaxi Expressway in Sichuan, the Hålogaland Bridge in Norway's Arctic Circle, Turkey's 1915 Çanakkale Bridge, and the Dhaka Bypass Expressway in Bangladesh. Beyond toll roads and bridges, SRBG has acquired mining concessions including the Asmara Project reserves in Eritrea and a stake in the Colluli Potash Deposit, alongside developing clean energy installed capacity in Sichuan. The group has also participated as a strategic co-investor alongside BYD in private placements tied to lithium-ion battery materials. Operating from its Chengdu headquarters, SRBG functions as both contractor and concessionaire, with a workforce measured in the tens of thousands across domestic and international project sites. The parent Shudao Investment Group provides the state-backed capital foundation, while SRBG's own listed entity accesses public equity markets for project financing. The firm's CSR arm, Sichuan Road & Bridge CSR Initiatives, coordinates community programs along its project corridors. In 2023, the firm continued its international push by advancing mining evaluation work in Eritrea alongside ongoing bridge and highway construction across Asia and Europe. SRBG's structural edge is the fusion of state-backed construction monopoly with a resource-royalty investment mandate. Where a Western infrastructure fund buys a finished toll road, SRBG builds it and retains a decades-long concession — and then layers on direct ownership of the mineral deposits its projects are often built to access, turning each construction contract into an option on underlying commodity value.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Mobility & Transportation
- Real Estate

## Questions

### Does the firm invest in operating infrastructure or only build it?

SRBG both builds and operates infrastructure. The firm retains long-term concession rights on projects including the Yaxi Expressway in Sichuan, the Hålogaland Bridge in Norway, and the Dhaka Bypass Expressway in Bangladesh. This concession model generates recurring revenue beyond the construction phase and is central to the firm's investment strategy.

### What natural resources does SRBG control?

Public record identifies three significant resource holdings: the Asmara Mining Project reserves in Eritrea, the Colluli Potash Deposit, and undisclosed phosphate ore reserves. The firm also holds clean energy generation capacity in Sichuan. These mining and energy assets represent a diversification away from pure construction into commodity-linked equity.

### How does the relationship with BYD function?

BYD Co., Ltd. is a strategic investor and co-investor with SRBG, specifically in private placements related to lithium-ion battery materials. The relationship connects SRBG's construction and resource-extraction capabilities with BYD's battery-manufacturing supply chain, creating a vertically aligned partnership anchored in the electric-vehicle value chain.

### Is SRBG listed on a public exchange?

Yes. Sichuan Road & Bridge Group operates as a publicly listed entity on the Shanghai Stock Exchange under the ticker 600039. The listing provides access to equity capital markets for project financing while the parent Shudao Investment Group and the Sichuan SASAC retain controlling ownership.

### What is the firm's geographic footprint outside China?

SRBG's international project portfolio spans at least four countries beyond China. Confirmed overseas projects include the Hålogaland Bridge in Narvik, Norway; the 1915 Çanakkale Bridge in Turkey; the Dhaka Bypass Expressway in Bangladesh; and mining operations tied to the Asmara Project and Colluli Potash Deposit in Eritrea.

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Last updated: 2026-06-03T20:00:00.000Z

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