China Railway Construction Joint Establishment of an “Investment - Construction” Platform
On October 27, China Railway Construction Corporation (CRCC) and Fosun Group held a contract signing ceremony at CRCC Building in Beijing to mark the establishment of a strategic cooperation agreement. Pursuant to the agreement, the two parties will jointly build an optimal “investment-construction” collaboration platform by Public-Private Partnership (PPP) model, leveraging qualifications, exchanging management teams and technical expertise, and tapping their advantages in the integration of capital and financial resources and innovation. In attendance at the contract signing ceremony were CRCC Chairman Meng Fengchao, CRCC President Zhuang Shangbiao, CRCC Chief Economist Sun Gongxin, Fosun Group’s Chairman Guo Guangchang, Fosun Group’s Vice-president Li Haifeng, and Fosun Property’s controlling Vice-president and Sunvision Capital’s President Wen Xiaodong. |
According to the agreement, CRCC and Fosun Group will establish a long-term, comprehensive and in-depth mechanism for strategic cooperation, and form an expansive strategic cooperative relationship. Taking “Hang Shao Tai Railway PPP Project” as the point of departure, the two parties plan to take full advance of respective strengths to engage in multi-level, multi-form and multi-channel exchange and cooperation. This will include areas such as market development, investment operations, capital operations, project management and operating maintenance in relation to relevant fields such as works investment and design, works operations, real estate development, logistics and trade, and healthcare and elderly care.
