2021-05-15 13:30:13 GMT2021-05-15 21:30:13(Beijing Time) Xinhua English
KATHMANDU, May 15 (Xinhua) Two Chinese companies will be involved in constructing a part of Kathmandu-Terai Fast Track project, one of the National Pride Projects in Nepal, after the Nepal Army signed a contract with them on Friday, a senior military official said. Separate contracts were signed with China State Construction Engineering Corp. Ltd and Poly Changda Engineering Co. Ltd on Friday for the construction of three tunnels, a few bridges and a partial road under the Fast Track project, Brigadier General Shantosh Ballave Poudyal, spokesperson for the Nepal Army, told Xinhua on Saturday.
Dive Brief:
Michigan general contractor Sorensen Gross announced this week that Christian Comair, chairman of Qatar-based GET Engineering & Contracting, has acquired a 50% interest in the company.
GET, which has more than 7,000 employees and focuses on $1 billion-plus complex military and megaprojects, will be an equal partner with Sorensen moving forward. Rabih Zahnan will step into the role of president and COO, replacing Richard Sly, who has retired. The remainder of Sorensen s leadership team will remain as is.
Sorensen CEO Ghassan Saab said that Comair, who is also chairman of the PIMA Group, which encompasses 18 companies in Europe, the Mideast and North America, has a history of building tremendous businesses that are truly powerhouses in construction and real estate and that the new partnership will advance Sorensen s goals of growth and industry leadership.
Infrastructure giants seize business in ecological civilization buildup in China
Chu Daye in Jiaxing Published: May 10, 2021 07:43 PM
An aerial photo shows how underwater forest helps purify the water of the Nanhu Lake in Jiaxing, East China s Zhejiang Province. File photo: Courtesy of CCCC
As the COVID-19 pandemic crippled international travel, a growing number of Chinese infrastructure companies are eyeing on projects related to the Beautiful China strategy, believing such projects possess huge potential given China s vast domestic market and growing domestic appetite for greenness and sustainability.
Joining the ranks are Chinese infrastructure giants including China Communications Construction Co (CCCC), China Railway Construction Corporation and China State Construction Engineering Corp, world-class companies traditionally famous for their ports and roads that have helped to reshape global trade routes and skyscrapers and stadiums that appear on hosting countries curre
Darwin review could be final blow to Chinese investment in Australia
The Morrison governmentâs review of the 99-year lease of the Port of Darwin will further inflame tensions with Beijing at a time when Chinese investors are already heading for the hills.
Save
Share
Australiaâs decision to review the Port of Darwin lease could deliver a knockout blow to inbound Chinese investment, which has already slowed to a trickle due to bilateral tensions and a tighter rein on debt by Beijing.
âThe tap has not only been turned off. It has been well and truly dismantled,â one Shanghai-based lawyer advising Chinese companies on inbound Australia investment said on Monday.
Dubai: The first 5G-leased line has been taken out in the UAE, with China State Construction Engineering Corp. being the customer.
Corporate clients are to be the biggest user base for these ultra-speed networks as coverage widens and tariffs get traction. The first leased line was drawn by du, and guarantees high-speed download and upload speeds as well as provides “users with complete control, ensuring an uninterrupted and enhanced user experience,” du said in a statement.
“With futuristic infrastructure in place and the service strong enough to support enterprise needs – CSCEC M.E. will now have fast, reliable, and improved connectivity they can rely on,” said Saleem AlBlooshi, Chief Technology Officer, du.