Chinese firm boasts over 600 projects worldwide

35

The China Railway Construction Corporation Limited (CRCC) has constructed successfully, over 600 projects across the globe.

In a monthly bulletin of CRCC, some of the projects executed by Chinese firms include the Tanzania railway, the Zambia railway, and the Ankara- Istanbul high speed railway.

The firm which business operation scope covers virtually every aspect of engineering construction, and is currently executing an agreement with Nigeria in 2014 to build a 12 billion-dollar railway project had also provided survey and design services for over 50 per cent of high speed railways and conventional railways.

In addition, it had also made design and survey of 39 per cent of the urban rail transit and 30 per cent of high- grade highways in railways projects.

CRCC, a state-owned construction enterprise that is the second largest construction and engineering company in the world by revenue in 2014, covers approximately 90 countries and regions in the world. It is also the second highest in terms of market accounts as of 2015.

It is one of the largest and most powerful integrated construction groups in both China and the World ranking second on the 2014 list of the Top 25 global contractors of ENR magazine.

It also ranked 24th on the list of World Top 150 design companies; 79th on the 2015 fortune global 500 list and 11th among China Top 500 companies.

CRCC was incorporated in 2007 to float the assets of China Railway Construction Corporation Group (CRCCG) under the supervision of the State Council of the People’s Republic of China since February 2008

The company is also listed on the Shanghai and Hong Kong stock exchanges, was responsible for the formulation of 50 per cent of China’s high speed railway construction standards.

Given the technical process involved in rail construction, it had constructed a considerable number of large, difficult and high risk projects with high refined top-notch technologies.

It explained that its numerous services and products had captured over 80 per cent of the domestic market.

It added that its investment fund on scientific research and product development value at over 10 billion RMB every year.

CRCC had independently developed China’s first large diameter full face hard rock tunnel boring machine.

It noted that the full face machine had been used for the inclined shaft engineering of coal mining adding the boring machine had contributed to 30 per cent market share of railway turnout production in China.

It is also into production of high tech equipments like large track maintenance machinery, railway track laying equipment, transport equipment, erection and lifting equipment for high-speed railway bridge girders.

Others are high-speed turnout, hosting machinery, electrification construction equipment and cement products.

The firm is one of the 16 central enterprises in the world engaged in real estate development and was involved in the construction of Shanyu city, Wutongyan and Qingxiucheng.

Its other areas of business and economic interest include finance, insurance and mineral resources.

The company had also constructed the Algerian East- West high way, the Makka- Mugaddassah Metro line in Saudi Arabia , the Beijing- Tianjin intercity passenger dedicated line and many projects in African countries.

Comments are closed.