Home> Latest News

    Firms look to UK railway projects

    Updated: 2012-11-07 08:32
    By Diao Ying in London ( China Daily)
    Comments() Print Mail Large Medium  Small 分享按鈕 0

    Britain seen as gateway to other mature markets for Chinese

    Top Chinese contractors are looking to take part in railway projects in the United Kingdom, seeing that as a way to promote their brands in developed economies.

    Firms look to UK railway projects

    A high-speed train passes through Weifang, Shandong province. Chinese infrastructure companies have already completed projects in developing economies, such as Algeria, Libya and Nigeria. [JIAO HONGTAO / FOR CHINA DAILY]

    "We hope we can work on some good railway projects in the UK," said Liu Yuling, general manager of China Civil Engineering Construction Corp, which has built railways in Algeria, Libya, Nigeria and other countries.

    His words were echoed by CITIC Construction Co Ltd, another Chinese company, whose projects include a $3.5 billion housing project in Angola.

    "We've been looking at the UK market for about a year," said Xu Mingguang, vice-president of the company's investment department. CITIC is considering undertaking large projects concerning transportation, water, and energy, among other things, Xu said.

    The proposed cooperation comes on the tail of large investments Chinese companies have made into the UK.

    Last week, China Investment Corp, manager of China's sovereign wealth fund, bought shares in Heathrow Airport Holding, the operator of London's Heathrow airport. Before that, in January, it had invested in Thames Water Utilities Ltd, which supplies water services to London and other places in Britain.

    Chinese contractors, though, are only starting to work on large projects in developed economies and have not taken part in any in the UK.

    That comes in contrast to what they have done in the Middle East and in African countries such as Libya and Nigeria, where they have helped build prominent railways.

    A source of strength for Chinese companies is the support they receive from large State-owned Chinese banks, which have been expanding into developed economies.

    Even so, they have little experience in investing in developed economies, according to Wang He, chairman of China International Contractors Association. Unlike many developing economies, the UK has long-standing legal, regulatory and technology requirements, and Chinese companies need to make sure they understand those before they bid on projects there.

    The UK also has a history of letting foreign companies take part in infrastructure projects. Among the operators of its national railways are companies from Germany and the Netherlands.

    Perhaps the greatest opportunity for Chinese companies lies in High Speed Two, a project that is to eventually result in a high-speed railway running from London to possibly as far north as the central belt of Scotland. The project will start around 2015. Robin Groth, deputy director of Rail, Department for Transport, said it is not yet known where the money for the project will come from.

    "We are looking at all of the different options," he said. "There are lots of opportunities."

    "UK rail has a strong appetite for foreign investment," said Stuart Westgarth of the professional services company KPMG.

    Contact the writer at diaoying@chinadaily.com.cn

    Survey & Comments

    | About us | Contact |

    Constructed by Chinadaily.com.cn

    Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

    最近免费中文字幕大全免费版视频| 精品三级AV无码一区| 老司机亚洲精品影院无码 | 自慰无码一区二区三区| 亚洲AV无码乱码在线观看牲色| 曰韩精品无码一区二区三区| 久久久噜噜噜久久中文福利| 国产亚洲人成无码网在线观看| 国产AV无码专区亚洲AV漫画| 精品久久久久中文字幕日本| 亚洲AV无码一区二区三区在线观看| 久久AV高清无码| 亚洲国产精品无码专区| 一区 二区 三区 中文字幕| 无码人妻黑人中文字幕| 亚洲Av无码乱码在线播放| 2024你懂的网站无码内射| 亚洲爆乳精品无码一区二区三区 | 毛片一区二区三区无码| 精品久久无码中文字幕| 亚洲AV永久无码精品成人| 精品久久久无码21p发布| 伊人久久无码精品中文字幕| 最近2019年免费中文字幕高清 | 日韩成人无码中文字幕| 久久无码国产| 日韩精品无码人妻一区二区三区| 精品欧洲AV无码一区二区男男| 人妻丰满av无码中文字幕| 亚洲AV无码久久精品蜜桃| 亚洲国产精品无码AAA片| 最新中文字幕av无码专区| 丝袜无码一区二区三区| 韩国19禁无遮挡啪啪无码网站| 免费无码又爽又刺激网站直播| 亚洲日韩在线中文字幕第一页| 亚洲精品99久久久久中文字幕| 最近的2019免费中文字幕| 国模无码人体一区二区| 无码永久免费AV网站| 久久久久亚洲av无码专区喷水 |