Chinese railway firm wins overseas bid in Montenegro

[TaiShang]

Chinese railway firm wins overseas bid
Published: 2015-10-16 0:38:02

A Chinese construction company said Thursday it has won a bid to renovate a section of a railway in Montenegro, the latest step by Chinese firms to explore the overseas rail market.

China Civil Engineering Construction Corporation (CCECC), a subsidiary of China Railway Construction Corporation, said it will repair 9.86 kilometers of rail tracks in the southeastern European country. The project will be funded by the European Bank for Reconstruction and Development. The CCECC called the project a "breakthrough," saying it paves the way for the company to enter central and eastern European markets.

The CCECC was among a consortium of Chinese and Turkish firms that built and completed a 533-kilometer high-speed railway linking Ankara and Istanbul last year.

 

[Dungeness]

Chinese railway firm wins overseas bid
Published: 2015-10-16 0:38:02

A Chinese construction company said Thursday it has won a bid to renovate a section of a railway in Montenegro, the latest step by Chinese firms to explore the overseas rail market.

China Civil Engineering Construction Corporation (CCECC), a subsidiary of China Railway Construction Corporation, said it will repair 9.86 kilometers of rail tracks in the southeastern European country. The project will be funded by the European Bank for Reconstruction and Development. The CCECC called the project a "breakthrough," saying it paves the way for the company to enter central and eastern European markets.

The CCECC was among a consortium of Chinese and Turkish firms that built and completed a 533-kilometer high-speed railway linking Ankara and Istanbul last year.

Less than 10KM? Can't they just do it themselves?

 

[TaiShang]

Less than 10KM? Can't they just do it themselves?

Symbolic significance for China as a first step into the country.

China already has several infrastructure works running in the region.

China's Hebei Iron & Steel Group eyes investment in Serbia's steel mill -PM| Reuters

 

[opruh]

This shows that Chinese rail-construction have a very good reputation.

 

[SHAMK9]

Less than 10KM? Can't they just do it themselves?

Was wondering the same.

 

[TaiShang]

The CCECC called the project a "breakthrough," saying it paves the way for the company to enter central and eastern European markets.

Was wondering the same.

Consider it as a sort of tech demonstrator. Or, pilot project.