Aroundtheworld

China State construction wins

China State Construction Engineering Corp (CSCEC)’s subsidiary in Thailand won the bid to build facilities in one of the terminals in Suvarnabhumi Airport in Bangkok, with a price of 2.87 billion yuan ($437.6 million), media reported on Saturday.

The subsidiary will be in charge of site construction and local company Power Line Engineering will carry out electromechanical work, according to the China News Service. The two parties will be jointly responsible for procurement.

CSCEC has built 75 percent of the major airport projects in China, and its investment and projects have spread into more than 100 countries and regions, the media report noted.

In 2016, the company’s revenues reached about 960 billion yuan.

CRRC awarded $100m rail

Chinese rolling stock manufacturer CRRC Qingdao Sifang Co signed a supply contract worth more than $100 million on Friday to provide 64 units to a local railway company in Sao Paulo, Brazil.

The delivery is expected to take place in 2019, CRRC Vice President Lou Qiliang was quoted as saying in a People’s Daily’s report.

Sao Paulo is the largest city in South America, and this contract means a lot for CRRC to further expand in the South American market, Lou noted.

Railway transportation is one of the key sectors in which China and Brazil will expand cooperation, Chen Peijie, China’s Consul General in Sao Paulo, was quoted as saying in the report.