Most of Chinese big corporations started in Army including the rail construction company CCECC in Kenya!
Case Study Investment History
The Behemoth That is China Railway Construction Corporation Ltd (HKG:1186)
November 10, 2014 Willie Keng 0 Comments china,
construction,
financing,
infrastructure,
investments,
mexico,
railway,
south america
Successor to the Railway Corps of the People’s Liberation Army, China Railway Construction Corporation Limited (
HKSE: 1186) was established by China Railway Construction Corporation in Nov 2007 and supervised under the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
The Group is one of the largest integrated construction companies in China with a dual listing in both the Shanghai Stock Exchange and Hong Kong Stock Exchange in Mar 2008. With total assets of RMB553 billion, the Group’s operating businesses cover 31 provinces, autonomous regions and municipalities, as well as 69 foreign countries in the world.
Business Operations
Construction operations
The Group’s main business line, focusing primarily on infrastructure construction including railway, energy facilities and municipal projects. Some of the major projects completed include the Hong Kong West Rail, Nigeria Railway Systems and the Tanzania-Zambia Railway Project. In 2013, revenue in construction operations stood at RMB468 billion
Survey, design and consultancy operations
Provides consultancy services on transport infrastructure construction at both the national and provincial levels. Revenue in this segment stood at RMB7.8 billion in 2013.
Manufacturing operations
The Group engages in the R&D, manufacturing, sales, maintenance and repair of large track machinery such as railway switches and rail fasteners. Revenue in this segment accounted for RMB11.8 billion
The recent news on Mexico revoking a US$3.75 billion (RMB23 billion) joint Mexico-China rail deal might have put a large dent to the state-owned corporation’s contract value, however CRCC still has a healthy backlog of outstanding contracts at RMB1.6 billion in 2013, including RMB6.9 billion new contracts during the year.
Value in Action
With China’s large foreign reserves and the financial support of state banks, the potential for overseas construction projects is huge given that other emerging economies such as the South American countries are still looking toward the mainland economy for infrastructure financing.
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The Behemoth That is China Railway Construction Corporation Ltd (HKG:1186) | Value Invest Asia
More of the CCEC projects across Africa
China-built railway projects in Africa
Source:Xinhua Published: 2018/8/28 18:15:05
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A photo taken on September 20, 2015, shows the Addis Ababa Light Rail, which has started passenger services after its launch in September in Ethiopia. The 34-kilometer urban light rail line in Addis Ababa was built by China Railway Group Limited in January 2012 and opened to the public in September 2015. Being the first modern urban light rail in operation on the African continent, it will greatly improve the travel efficiency of Addis Ababa residents and promote economic development for the whole city. Photo: Sun Ruibo/Xinhua
The crew of the Tanzania-Zambia Railway smile in front of a camera at Dar es Salaam Station in Tanzania on May 31, 2016. The Tanzania-Zambia Railway runs 1,860.5 km from the Tanzanian port city of Dar es Salaam to the southern African city of Kapiri Mposhi in central Zambia, and is built with an interest-free loan from the Chinese government. It is one of China's largest foreign aid packages, with China sending more than 50,000 engineers and technicians to finish this project. Photo: Zhai Jianlan/Xinhua
A photo taken on September 1, 2016, shows a construction site of the Mombasa-Nairobi Standard Gauge Railway (SGR) in Mombasa, Kenya. The SGR, contracted by the China Communications Construction Company Ltd, was built by China Road & Bridge Corporation. It connects Mombasa, the largest port in east Africa, to Nairobi, the capital of Kenya. The passenger train service of the 480-km railway was launched in May, 2017. The railway, Kenya's largest infrastructure project in more than half a century, also connects six East African countries, Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan. Photo: Pan Siwei/Xinhua
A test train runs along the bridge of the Ethio-Djibouti Railway in Ethiopia's capital Addis Ababa on October 3, 2016. The 752.7km Ethio-Djibouti Railway, started construction in September 2010. It had a speed of 120km/hour, and was constructed by China Railway Group Limited and China Railway Construction Corporation. Photo: Sun Ruibo/Xinhua
An Angolan worker checks the route along the Benguela Railway on July 3, 2014. The Benguela railway is the longest that China has built overseas after the Tanzania-Zambia Railway. The project, which was built by the China Railway 20 Bureau Group Corporation, is 1,344 km long. It runs from the Atlantic port city of Lobito to Benguela, Huambo, Kuito, Luena and other important cities in the east, reaching to the border city of Luo. Photo: Pang Shuguang/Xinhua
Passengers walk along the Dar es Salaam station of the Tanzania-Zambia Railway in Tanzania on May 31, 2016. The Tanzania-Zambia Railway runs 1,860.5 km from the eastern Tanzanian port city of Dar es Salaam to the southern African city of Kapiri Mposhi in central Zambia. It was built with an interest-free loan from the Chinese government. It is one of China's largest foreign aid packages, with China sending more than 50,000 engineers and technicians to finish this project. Photo: Zhai Jianlan/Xinhua
Chinese engineer Zhang Qingchun (center left) works with the Kenyans at a construction site of the Mombasa-Nairobi Standard Gauge Railway (SGR) in Mombasa, Kenya on April 9, 2016. Photo: Pan Siwei/Xinhua
Nigerian President Muhammadu Buhari (center) rides a train on the Aka Railway from the Idu Railway Station on the western outskirts of Abuja, Nigeria, on July 26, 2016. In October 2006, the China Civil Engineering Construction Corporation and Nigeria signed a Nigerian Railway Modernization Project. The project runs 1,315 km from Lagos, the largest city in southern Kenya and economic center, through the capital Abuja as it goes north to the northern town of Cano. The Aka Railway began construction in 2011 and was officially opened to the public in July 2016. Photo: Yang Hongjie/Xinhua
Angolan children play along the side of the Benguela Railway on July 9, 2014. Photo: Pang Shuguang/Xinhua
A photo taken on April 27, 2014, shows the workers of the China Civil Engineering Construction Corporation laying new railroad tracks at a construction site for the Ethio-Djibouti Railways in Ethiopia's Dire Dawa. Photo: Sun Ruibo/Xinhua
A photo taken on October 19, 2016, shows a construction site of the Nairobi-Malaba Standard Gauge Railway (SGR) Project in Kajiado County, Kenya. The first phase of the Nairobi-Malaba SGR Project started construction on October 19, 2016. Photo: Pan Siwei/Xinhua
A photo taken on September 11, 2015, shows the Lubango Railway Station, which is part of the Moçâmedes Railway. The 1,003km railway runs from the west seaport city of Namibe to Menongue, and has two spur lines.Constructed by the China Hyway Group, it is a main line in the south of Angola, and connects two important iron ore areas in southern Angola. Photo: Deng Tian/Xinhua
China-built railway projects in Africa - Global Times