Ma­jor Chi­nese con­struc­tion firms keen on PH projects

Manila Bulletin - - Business News - By BERNIE CAHILES-MAGKILAT

China’s top ten con­struc­tion com­pa­nies are ex­plor­ing for the first time all kinds of con­struc­tion projects in the Philip­pines in­clud­ing in­fra­struc­ture say­ing it is more con­ducive now for Chi­nese to do busi­ness in the coun­try as re­la­tions have been warm­ing up un­der the new gov­ern­ment of Pres­i­dent Ro­drigo Duterte.

Xu Ningn­ing, ex­ec­u­tive pres­i­dent of the China-ASEAN Busi­ness Coun­cil, is head­ing a 30-man del­e­ga­tion from 10 Chi­nese firms for a one-day visit. The mis­sion met yes­ter­day with three gov­ern­ment sec­re­taries in­clud­ing Sec­re­tary Arthur Tu­gade of the De­part­ment of Trans­porta­tion, Sec­re­tary Ra­mon Lopez of the De­part­ment of Trade and In­dus­try and Sec­re­tary Mark Vil­lar of the De­part­ment of Pub­lic Works and High­ways. The Philip­pines is part of the three-leg ASEAN mis­sion, in­clud­ing Myan­mar and Viet­nam. The group also met with the con­struc­tion in­dus­try groups and gov­ern­ment agen­cies.

Ac­cord­ing to Xu, these com­pa­nies are the top con­struc­tion com­pa­nies in China with ex­per­tise in in­fra­struc­ture projects in­clud­ing flood con­trol, in­dus­trial parks, con­struc­tion ma­te­ri­als, engi­neer­ing, rail­ways, among oth­ers. Mis­sion mem­bers were re­spon­si­ble in the con­struc­tion of iconic Birds Nest, the sta­dium China built for its host­ing of Olympic and the CCTV build­ing head­quar­ters. These com­pa­nies have also projects in south­east Asia and Africa.

Most of the mem­bers are new to the Philip­pines while some have in­di­vid­ual projects in the coun­try, but Xu said that they be­lieve it is bet­ter to come this time as a group.

Mis­sion mem­bers in­clude Nan­tong Hua Xin Con­struc­tion Engi­neer­ing Group Co., Ltd.; China No. 3 Con­struc­tion Group Co., Ltd.; China Qi­dong Con­struc­tion Group Co. Ltd.; China Zhongxin Con­struc­tion Group Co., Ltd.; China Zheng­fang Foun­da­tion Pro­ject Co., Ltd.; China Longxin Con­struc­tion Group Co., Ltd., Over­seas; China Jiangzhong Group Co., Ltd.; China Jiangzhong Group Co., Ltd., Over­seas Branch; China Hua Xin Con­struc­tion Engi­neer­ing Group Co., Ltd.; China Tong Zhou Con­struc­tion Gen­eral Con­tract­ing Group; China Con­struc­tion Group Co., Ltd.; China Chang Qing Con­struc­tion and In­stal­la­tion Engi­neer­ing Co. Ltd.; China Con­struc­tion In­dus­try As­so­ci­a­tion, and; Jiangsu Tongchengh­ui­huang In­ter­na­tional Travel Ser­vice.

“These pri­vate com­pa­nies have cap­i­tal­iza­tion of $1 bil­lion each,” Xu said with sub­sidiaries that are al­ready in China.

“They just want to find con­struc­tion and in­vest­ment op­por­tu­ni­ties es­pe­cially with the ASEAN eco­nomic in­te­gra­tion,” he said.

In ad­di­tion, Xu said the group be­lieves of the dawn­ing of bet­ter re­la­tions be­tween the two coun­tries un­der Pres­i­dent Duterte’s gov­ern­ment.

“It is time to take off and for Chi­nese com­pa­nies to come here,” said Xu.

Fran­cis Chua, founder of the In­ter­na­tional Cham­ber of Com­merce of the Philip­pines, noted that there were lots of ef­forts and com­mit­ments from both sides be­fore but those just fiz­zled out.

“We talked about lots of in­vest­ments in pre­vi­ous years but all fiz­zled out, but this one they be­lieve the two coun­tries have bet­ter re­la­tions so they are en­cour­aged to in­vest in the coun­try,” said Chua.

“They want to look at the pos­si­ble projects and to con­trib­ute in the tech­nol­ogy and equip­ment sup­plies. They could be con­trac­tors, in­vestors and own­ers. They are also look­ing at part­ner­ships and joint ven­ture deals with Filipino busi­ness­men.”

As far as China, Chua said, ‘money is not an is­sue as long as the projects are good.”

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