Latest news with #CHEC
Hindustan Times
22-07-2025
- Business
- Hindustan Times
Emerging opportunity for India in Sri Lanka
The IMF's decision to crack the whip on tax breaks granted by the Sri Lankan government to the Port City Colombo project is a welcome move because such non-transparent measures have largely benefited Chinese State-run firms implementing such ventures. It is also significant that IMF has nudged Sri Lanka to amend certain investment-related laws to make them more rules-based and aligned with international best practices. It should be noted that the China Harbour Engineering Company (CHEC), which is building the $1.4-billion Port City Colombo, was involved in the unsustainable development of the strategic Hambantota port, which Sri Lanka was forced to hand over to China on a 99-year lease after struggling to repay its debts to Chinese firms. Most of the projects under China's Belt and Road Initiative (BRI) in India's neighbourhood have come with crippling debt traps. India-Sri Lanka relations underwent a dramatic transformation during PM Narendra Modi's visit in April, when the two sides signed a defence cooperation agreement and roped in the UAE to develop the Trincomalee oil tank farm into an energy hub. These developments were aimed at countering what India perceived as growing Chinese security and economic presence in its backyard. India should now be prepared to expand its economic presence in Sri Lanka, where an Indian firm is engaged in developing a container terminal at Colombo port. New Delhi may not be able to match Beijing's unfettered largesse, but it has repeatedly shown that its assistance for neighbours comes without any unnecessary conditions and is largely driven by local needs. Stronger economic and energy integration between India and Sri Lanka will be a potent counter to China's efforts to encircle India by increasing its influence across the neighbourhood.
New Straits Times
23-06-2025
- Business
- New Straits Times
CCCC reaffirms long-term commitment to Malaysia's infrastructure growth
BEIJING: China Communications Construction Company Ltd (CCCC) has reaffirmed its commitment to Malaysia, expressing its readiness to deepen its involvement in the country's infrastructure development, which the company regards as key to long-term regional connectivity. As one of the world's largest infrastructure players, CCCC sees Malaysia as a vital strategic partner, with growing potential for collaboration across sectors. Its international business department executive general manager, Cai Chuansheng said CCCC is eager to explore new investment opportunities and expand its footprint in Malaysia through its subsidiary, China Harbour Engineering Company Ltd (CHEC). Over the past four decades, he said CHEC has undertaken numerous infrastructure projects in Malaysia, with a cumulative value of around US$20 billion. "China and Malaysia are good neighbours in Asia, and we have frequent communication at all levels and regular exchanges in socio-economic development. This gives us many opportunities to cooperate," Cai said during a meeting with the Malaysian media delegation at CCCC's headquarters in Beijing. He noted that Malaysia's sustained infrastructure drive and stable economic fundamentals continue to make the country an attractive destination for foreign investors. CCCC is the world's fourth-largest construction company and is well known for its strong track record in delivering major infrastructure projects globally. Its flagship infrastructure projects include the Mombasa–Nairobi Railway in Kenya, the Sukkur–Multan Highway in Pakistan, the China–Maldives Friendship Bridge, the China–Laos Railway and the Port City in Sri Lanka. The company currently maintains business operations in over 158 countries. In Malaysia, CCCC is the main contractor for the East Coast Rail Link (ECRL) – the largest single project under China's Belt and Road Initiative (BRI) in the country – which is slated for completion in December 2026. As the engineering, procurement and construction contractor, CCCC is responsible for the project's overall design and financing support, as well as the construction of the 665km railway linking the east coast states to the Klang Valley. The company has had a long-established presence in Malaysia, delivering key infrastructure such as the Penang Second Bridge, the LRT Ampang Line Extension Project and the MRT Sentul West Underground Station. Beyond rail and bridge construction, CCCC is also active in marine engineering, dredging and reclamation and highway development. "The 40 years of doing business have left us with beautiful memories. Moving forward, we hope to strengthen our cooperation and undertake more projects – including major ones – in Malaysia, contributing CCCC's professional capabilities to building an even more beautiful Malaysia," Cai said.
Barnama
23-06-2025
- Business
- Barnama
CCCC Reaffirms Long-term Commitment To Malaysia's Infrastructure Growth
BUSINESS By Norsyafawati Ab Wahab BEIJING (China), June 23 (Bernama) – China Communications Construction Company Ltd (CCCC) has reaffirmed its commitment to Malaysia, expressing its readiness to deepen its involvement in the country's infrastructure development, which the company regards as key to long-term regional connectivity. As one of the world's largest infrastructure players, CCCC sees Malaysia as a vital strategic partner, with growing potential for collaboration across sectors. Its international business department executive general manager, Cai Chuansheng said CCCC is eager to explore new investment opportunities and expand its footprint in Malaysia through its subsidiary, China Harbour Engineering Company Ltd (CHEC). Over the past four decades, he said CHEC has undertaken numerous infrastructure projects in Malaysia, with a cumulative value of around US$20 billion. 'China and Malaysia are good neighbours in Asia, and we have frequent communication at all levels and regular exchanges in socio-economic development. This gives us many opportunities to cooperate,' Cai said during a meeting with the Malaysian media delegation at CCCC's headquarters in Beijing. He noted that Malaysia's sustained infrastructure drive and stable economic fundamentals continue to make the country an attractive destination for foreign investors. CCCC is the world's fourth-largest construction company and is well known for its strong track record in delivering major infrastructure projects globally. Its flagship infrastructure projects include the Mombasa–Nairobi Railway in Kenya, the Sukkur–Multan Highway in Pakistan, the China–Maldives Friendship Bridge, the China–Laos Railway and the Port City in Sri Lanka.
Libya Review
16-06-2025
- Business
- Libya Review
China's CHEC Considers Expanding Operations in Libya
The management of Libya's Sirte Free Zone has held a series of meetings over two days with a high-level delegation from China Harbour Engineering Company (CHEC), one of China's leading state-owned firms in maritime and land infrastructure. The discussions focused on exploring cooperation opportunities in several strategic development projects within the free zone. Dr Mahmoud Al-Farjani, Chairman and General Manager of the Sirte Free Zone Authority, chaired the meetings. He stressed the importance of international partnerships, particularly with major companies like CHEC, to support the third phase of Sirte Port's development and to benefit from Chinese expertise in deepwater berth construction and port operations. The meetings, held on 13 and 14 June 2025, were attended by several directors from the free zone and the National Development Authority. The CHEC delegation was led by Regional Director Engineer Shi Qi Hui. In his opening remarks, Al-Farjani welcomed the delegation and expressed the zone's ambition to establish a long-term partnership with China and CHEC, especially in port operations and development, solar farm construction south of Sirte, and the proposal for a medium-sized airport in the zone's hinterland. CHEC's regional director presented an overview of the company, which operates over 80 branches worldwide and is among the largest contractors in maritime infrastructure, with projects across Egypt, Algeria, Morocco, and Cameroon. The Sirte Free Zone team gave detailed presentations on the zone's facilities, including port operations, storage areas, tourism infrastructure, grain silos, and the strategic trade route linking Sirte to Al-Wigh via Sabha and Libya's southern border with Africa. Both sides discussed potential cooperation in port equipment supply, including cranes and marine tugs, as well as investment opportunities for Chinese firms in roads, railways, airports, and sustainable agricultural projects powered by solar energy. The meetings concluded with a mutual agreement to continue technical consultations in preparation for future partnership agreements. Tags: ChinaeconomyFree ZoneInfrastructurelibyaSirte
Libya Herald
16-06-2025
- Business
- Libya Herald
Sirte Free Zone discusses port development and infrastructure projects with China Harbor Engineering Company
Sirte Free Zone reported yesterday that it is discussing port development and infrastructure projects with China Harbor Engineering Company(CHEC). This came after Sirte Free Zone management held a series of meetings over two days with a delegation from CHEC, one of China's leading state companies specialized in marine and onshore infrastructure projects, to discuss opportunities for cooperation in a number of strategic projects in the free zone. The meetings were chaired by Dr. Mahmoud Al Ferjani, Chairman and Director General of Sirte Free Zone, who stressed during the meeting the importance of partnership with major international companies to support the third phase of the development of Sirte Free Zone Port, and to benefit from Chinese expertise in the field of deep berths construction and port management and operation. The meetings, held on June 13 and 14, 2025, were attended by a number of directors of departments in the free zone in addition to the National Development Authority. On CHEC's side, Shi Chihui, Regional Director of CHEC, attended. At the beginning of the meeting, the Chairman and General Manager noted that the free zone looks forward to a long-term partnership with China and CHEC, especially in the operation and development projects of the port, the establishment of solar farms south of Sirte, and the proposal to establish a medium-scale airport in remote areas of the free zone master plan. The meeting witnessed an introductory review of the company presented by its regional manager, explaining that CHEC owns more than 80 branches around the world, and is one of the largest contractors in the field of marine works, with existing projects in Arab and African countries, including Egypt, Algeria, Morocco and Cameroon. The free zone team also gave detailed presentations and explanations of the components of the zone, including the operational aspects of the port, storage areas, service facilities, tourism projects, grain silos, in addition to the strategic road linking Sirte through Sabha to the southern border, which constitutes a vital route for trade with neighbouring African countries. The two sides discussed possibilities for cooperation in the operation of the port and the supply of specialized equipment such as cranes and tugs, as well as attracting Chinese investors to contribute to future projects. The possibility of partnership in the roads, railways, airports and sustainable agricultural projects, especially those based on solar energy, was also discussed. The free zone said the meetings witnessed constructive deliberations that reflected the seriousness of the two parties in advancing development and promoting investments in the Sirte Free Zone, and the meetings concluded with an agreement to continue technical consultations in preparation for the signing of future agreements. Tags: China chineseInfrastructure projectsportSirte free zone
