-Two contracts awarded in Changsha and one contract won in Shenzhen- ZHUHAI, China and LOS ANGELES, Aug. 5 /PRNewswire-Asia/ -- China Architectural Engineering, Inc. ("CAE" or the "Company") (NASDAQ:CAEI) , a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that it has been awarded two government contracts in Changsha, the capital of Hunan province, and won a bid on a government contract in Shenzhen, Guangdong province, with a total value of approximately US$11.2 million. The two contracts in Changsha, together worth US$8.9 million, are for the Changsha Riverfront Cultural Park Museum and Changsha High Speed Train Station projects. The rapid urban development of Hunan province has accelerated the construction of municipal projects in Changsha, the provincial capital. In addition, the Company has also won a bid for the brand new Terminal 3 at Shenzhen Bao'an International Airport, worth US$2.4 million. The Terminal 3 is designed to bridge two of China's most-developed cities -- Shenzhen and Hong Kong, and to create a world-class integrated gateway and transportation hub for both domestic and international travels. CAE will provide design and consulting services and be responsible for designing the terminal's curtain wall, which will be shaped to be resemble a honeycomb, a unique blend of function and form. Mr. Ken Yi Luo, Chairman and Chief Executive Officer of China Architectural Engineering, commented, "We are very excited to be awarded these municipal project contracts. Boosted by the government's 4-trillion RMB (USD$585 billion) stimulus plan, the number of domestic construction projects in China have started to trend upward. We are confident that CAE will continue to benefit from the accelerated growth of infrastructure projects throughout China as the stimulus plan continues to spur domestic demand. We believe we are well positioned to capture further revenue opportunities arising from the improving market conditions."
