Latest news with #ChinaRoadandBridgeCorporation
Express Tribune
05-07-2025
- Business
- Express Tribune
Govt seeks Chinese, AIIB support for road projects
Listen to article Federal Minister for Communications Abdul Aleem Khan held a detailed meeting with Chairman of the China Road and Bridge Corporation (CRBC), Du Fei, during his visit to Tianjin. The focus was on expanding Chinese investment in Pakistan's road infrastructure. The two sides discussed bilateral cooperation in road development, especially projects like the Mansehra-Naran-Jhal Kand Motorway. Investment opportunities, technical assistance, and future collaboration were also reviewed, said a statement issued on Friday. Fei explained that CRBC, a major Chinese state-owned firm, operates in over 70 countries across Asia, Europe, America, and Africa. He expressed interest in expanding operations in Pakistan and called it an honour to contribute to its infrastructure. Between 1995 and 2023, CRBC was involved in key projects such as the Sukkur Bypass, Karakoram Highway, and Karachi Coastal Highway. Since last year, it has shown interest in new ventures like the ML-1 Railway Project, Pakistan Refinery upgrades, Lahore Airport expansion, and the Raikot-Thakot Highway. Aleem Khan assured CRBC of full support and welcomed its role in strengthening Pakistan's road infrastructure. In another meeting, the minister met senior officials of the Asian Infrastructure Investment Bank (AIIB), including Chief Investment Officer Konstantin Limitovskiy and Director General Public Sector Xiaohong Yang. He presented the M-6 Sukkur-Hyderabad and M-9 Karachi-Hyderabad motorways as investment options. He said these projects link trade hubs to Karachi Port and are vital for economic growth. Developing road infrastructure is a top government priority, he added. The minister said AIIB's partnership could speed up Pakistan's development. He noted that Pak-China friendship supports regional connectivity and prosperity. He also mentioned that several Chinese financial institutions are already funding infrastructure projects in Pakistan. Aleem Khan reaffirmed the government's aim to attract more foreign investment in roads and connectivity. He said infrastructure investment leads to job creation and economic growth. Senior AIIB officials expressed interest in supporting Pakistan's development initiatives and voiced hope for positive outcomes from the discussions.
GMA Network
01-07-2025
- Politics
- GMA Network
SC issues writ of kalikasan over Samal Island-Davao City bridge project
The Supreme Court (SC) has issued a writ of kalikasan in connection with the Samal Island-Davao City Connector (SIDC) project, the high tribunal's spokesperson Atty. Camille Ting said Tuesday. With the writ in place, Ting said the respondents in the petition are directed to file a verified return within a non-extendible period of 10 days from service of the writ. A writ of kalikasan is a legal remedy under Philippine jurisprudence that protects a person's constitutional right to a balanced and healthy ecology. Ting, however, clarified that the SC is not directing the government to stop the project's construction. She said the SC referred the petitioner's prayer for a temporary protection order (TEPO) to the Court of Appeals in Cagayan de Oro. "If TEPO is granted, then construction will be stopped temporarily," Ting told reporters. This stemmed from a petition asking the SC to order the respondents to permanently cease and desist from the construction of the SIDC. They argued that the construction will result in irreversible damage to corals in Paradise Reef and the Hizon Marine Protected Area. The petitioners are Ecoteneo Director Carmela Marie Santos, Interfacing Development Interventions for Sustainability Executive Director Mark Peñalver, Dyesabel Philippines chairperson Marvelous Camilo, and the Sustainable Davao Movement. Meanwhile, the respondents are the Department of Public Works and Highways (DPWH), Department of Environment and Natural Resources, Samal Island Protected Landscape and Seascape Protected Area Management Board, and the China Road and Bridge Corporation. Upon completion, the SIDC will be a toll-free, four-lane extradosed bridge spanning 4.76 kilometers, linking Davao City at the R. Castillo–Daang Maharlika Junction to the Samal Circumferential Road. On Saturday, the DPWH said the progress rate of the SIDC was at 38%. The project is being funded through Official Development Assistance (ODA) from China. The DPWH Unified Project Management Office – Bridges Management Cluster (UPMO-BMC) is the project's implementing agency, with China Road and Bridge Corporation as the contractor. — VDV, GMA Integrated News
Zawya
26-06-2025
- Business
- Zawya
Africa Global Logistics Advances Landmark Port Expansion Projects
Freight forwarding service Africa Global Logistics (AGL) recently secured €230 million in financing to expand the container terminal at the Port of Pointe Noire in the Republic of Congo, marking a major milestone in regional infrastructure development. The new 750-meter quay – scheduled for completion by 2027 – will double the terminal's capacity to 2.3 million containers annually and support the country's growing oil and LNG exports. The Pointe Noire project is being executed by AGL's subsidiary Congo Terminal in collaboration with engineering firm China Road and Bridge Corporation. Backed by both international and Congolese banks, the €400 million platform will include 26 hectares of quayside, a dredged 17-meter-deep basin, and the installation of 16 gantries. It forms a key part of Congo's strategy to boost hydrocarbon production to 500,000 barrels of oil per day and LNG output to 3 million tons per annum within five years. AGL will participate as a Diamond Sponsor at this year's African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. In Angola, AGL also launched operations at its Lobito Terminal in March last year. The terminal – Angola's second-largest port hub – handles over one million tons of bulk cargo and more than 100,000 twenty-foot equivalent unit containers annually, with 730 employees operating deepwater berths and modern equipment. With €100 million in planned investment, the terminal connects to the 1,300-km Benguela railway and aims to become a vital gateway for copper, cobalt and agricultural exports from the Copperbelt region in Zambia and the Democratic Republic of Congo. The project comes at a pivotal time for Angola, which is preparing to bring several major energy developments online between 2025 and 2028. These include the Cabinda Oil Refinery in 2025, the Agogo Integrated West Hub development in late-2025, the Quiluma and Maboqueiro gas fields in 2026 and the Kaminho Deepwater Development in 2028. Meanwhile, in Ivory Coast, AGL is playing a vital role in Phase 2 of the Baleine offshore development - West Africa's first net-zero emissions project. In partnership with engineering firm Saipem, AGL began manufacturing critical subsea structures for the Baleine field in April 2024 at its Carena shipyard in Abidjan. The works include anchoring systems and underwater fixtures totaling over 200 tons, to be deployed in ultra-deep waters. AGL has mobilized 100 skilled local workers – including certified welders, painters and crane operators – reinforcing its commitment to local content, capacity building and sustainable energy infrastructure in Ivory Coast's rapidly growing oil and gas sector. AGL's recent activities in Africa align with its broader vision to support the continent's energy infrastructure. In addition to the Republic of Congo, Angola and Ivory Coast, the company is currently modernizing the Walvis Bay terminal in Namibia while playing a key role in major energy logistics across Mauritania, Senegal and Mozambique. AGL's Diamond Sponsorship at AEW: Invest in African Energies 2025 underscores its commitment to building robust, multimodal logistics systems that enable energy development and economic transformation across Africa. Distributed by APO Group on behalf of African Energy Chamber.
The Star
27-05-2025
- Business
- The Star
Developing nations face tidal wave of China debt: report
China Road and Bridge Corporation built Africa's longest suspension bridge in Mozambique, with 95 per cent of the funding provided by China. Developing countries are now struggling with debt repayments and interest costs to China. - Xinhua SYDNEY: The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday (May 27) in a new report. China's Belt and Road Initiative lending spree of the 2010s has paid for shipping ports, railways, roads and more from the deserts of Africa to the tropical South Pacific. But new lending is drying up, according to Australia's Lowy Institute, and is now outweighed by the debts that developing countries must pay back. "Developing countries are grappling with a tidal wave of debt repayments and interest costs to China," researcher Riley Duke said. "Now, and for the rest of this decade, China will be more debt collector than banker to the developing world." The Lowy Institute sifted through World Bank data to calculate developing nations' repayment obligations. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion. "As a result, China's net lending position has shifted rapidly," Duke said. "Moving from being a net provider of financing - where it lent more than it received in repayments - to a net drain, with repayments now exceeding loan disbursements." Paying off debts was starting to jeopardise spending on hospitals, schools and climate change, the Lowy report found. "Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies." The report also raised questions about whether China could seek to parlay these debts for "geopolitical leverage", especially after the United States slashed foreign aid. While Chinese lending was falling almost across the board, the report said there were two areas that seemed to be bucking the trend. The first was in nations such as Honduras and Solomon Islands, which received massive new loans after switching diplomatic recognition from Taiwan to China. The other was in countries such as Indonesia or Brazil, where China has signed new loan deals to secure battery metals or other critical minerals. - AFP
The Star
29-04-2025
- Business
- The Star
Serbia's longest tunnel nears completion under Belt and Road Initiative
BELGRADE, April 29 (Xinhua) -- Serbia's longest tunnel, a key project under the Belt and Road Initiative and constructed by Chinese firms, is nearing completion, President Aleksandar Vucic announced Tuesday during a visit to the Iriski Venac construction site. The twin-tube tunnel, part of the 44.41-km Fruska Gora Corridor linking Novi Sad and Ruma, will span approximately 3.5 km in each direction. Vucic confirmed that roughly 6,000 meters have been excavated, and the tunnel is expected to open to traffic in just over a year. "I'm very happy to see the progress here. Soon, the longest tunnel in Serbia will be completed and open to traffic," he said. The project is set to significantly shorten travel time, slashing the journey from Novi Sad to Loznica from three and a half hours to just 90 minutes. Vucic said the corridor will enhance safety, improve connectivity, and boost investment. He also underscored its environmental benefits, noting that by diverting surface traffic, the tunnel will help preserve the biodiversity of Fruska Gora National Park. Vucic was accompanied at the site by Chinese Ambassador to Serbia Li Ming, who hailed the project as a milestone in Serbia-China cooperation. "This tunnel is a symbol of our strategic partnership and a tangible result of the Belt and Road Initiative," Li said. "It strengthens regional connectivity, supports economic growth, and enhances ties between Serbia and its neighbors." Currently, 245 workers and more than 50 pieces of heavy machinery are operating on the site. The tunnel is part of the EUR 606 million Fruska Gora Corridor, built by China Road and Bridge Corporation. Construction began on May 1, 2021.
