MTD Capital will construct and operate a CNY1.8bn ($263m) highway in China.

The Malaysia-based company said its Chinese unit has inked a build-operate-transfer contract with Guangxi’s Department of Communications.

MTD is expected to have a concession period of 29 years and four months, which excludes the construction period.

Work on the project is expected to take four years to complete, according to btimes.com.