Financial & Business Association
of Euro-Asian Cooperation
The Chinese giant CRC, in cooperation with the FBA EAC, has set a course for investment
On January 26, CRCC, the largest corporation in China, demonstrating the progress of China's progress to the whole world, a leading global supplier of infrastructure and other high-level international solutions, confirmed its interest in joint implementation of projects, including the implementation of the investment project of RUSTITAN Group of Companies, a member of the FBA EAC, for the development of the Pyzhem titanium-quartz deposit. The official ceremony was held in Moscow, at the FBA EAC headquarters. The meeting was attended by the head of the CRC representative office in Moscow, Mr. Peng Mingquan, a member of the Bureau of the Board of the FBA EAC Anatoly Tkachuk and the representative of the FBA EAC in Iraq and the United Arab Emirates Denis Panasenko.
Further cooperation between the parties involves a wide range of instruments, including investment projects in Kazakhstan, Kyrgyzstan, Turkey, the Middle East and Africa, which is confirmed by a written proposal for cooperation and partnership. In particular, the parties have already agreed on the organization of a joint management company, which is confirmed by a written offer of partnership from the Chinese side.
"We have reached an agreement with Chinese partners on the creation of a joint company, and today such an agreement is under development. FBA EAC actively cooperates with the leaders of the global infrastructure market, one of which, without a doubt, is CRCC. Combining the accumulated competencies of our organizations both in construction and in financing infrastructure projects will have a significant synergetic effect for the domestic market," Anatoly Tkachuk remarked.
The purpose of the joint work is to create a single platform for the effective exchange of knowledge and technology in the implementation of transport projects. There is a firm conviction to continue it at a qualitatively new level as part of a newly formed joint company. As the relations of comprehensive partnership and strategic cooperation between China and Russia develop in a new era, the desire of the peoples of these two countries to jointly build a better life is getting closer to realization step by step.
REFERENCE
China Railway Construction Corporation is the second largest state-owned construction company in China, under the control of the State Property Control and Management Committee under the State Council of the People's Republic of China. Included in the Fortune Global 500 list for the eighth year. Specializes in the construction of high-speed railways, subways, highways, bridges, tunnels, real estate and conducts business in more than 100 countries around the world. It accounts for more than 100 thousand km of railway tracks in China, including half of the high-speed railways. In addition, CRC has built 65% of all subway lines in China, the length of which in 30 cities is now 4.2 thousand km.
In Russia, the corporation is building several Moscow underground stations. The contract for the construction of the station complexes "Aminyevskoe Highway", "Michurinsky Prospekt", "Vernadsky Avenue", 4.6 km of distillation tunnels with tunnel structures and dead ends behind the station "Aminyevskoe Highway" was signed by the management of the company "Mosinzhproekt" and LLC "CiArCiCi Rus" (the Russian division of CRCC), after 2022, expects together with "Mosinzhproekt" to create a joint venture for the construction of underground in other countries.
Further cooperation between the parties involves a wide range of instruments, including investment projects in Kazakhstan, Kyrgyzstan, Turkey, the Middle East and Africa, which is confirmed by a written proposal for cooperation and partnership. In particular, the parties have already agreed on the organization of a joint management company, which is confirmed by a written offer of partnership from the Chinese side.
"We have reached an agreement with Chinese partners on the creation of a joint company, and today such an agreement is under development. FBA EAC actively cooperates with the leaders of the global infrastructure market, one of which, without a doubt, is CRCC. Combining the accumulated competencies of our organizations both in construction and in financing infrastructure projects will have a significant synergetic effect for the domestic market," Anatoly Tkachuk remarked.
The purpose of the joint work is to create a single platform for the effective exchange of knowledge and technology in the implementation of transport projects. There is a firm conviction to continue it at a qualitatively new level as part of a newly formed joint company. As the relations of comprehensive partnership and strategic cooperation between China and Russia develop in a new era, the desire of the peoples of these two countries to jointly build a better life is getting closer to realization step by step.
REFERENCE
China Railway Construction Corporation is the second largest state-owned construction company in China, under the control of the State Property Control and Management Committee under the State Council of the People's Republic of China. Included in the Fortune Global 500 list for the eighth year. Specializes in the construction of high-speed railways, subways, highways, bridges, tunnels, real estate and conducts business in more than 100 countries around the world. It accounts for more than 100 thousand km of railway tracks in China, including half of the high-speed railways. In addition, CRC has built 65% of all subway lines in China, the length of which in 30 cities is now 4.2 thousand km.
In Russia, the corporation is building several Moscow underground stations. The contract for the construction of the station complexes "Aminyevskoe Highway", "Michurinsky Prospekt", "Vernadsky Avenue", 4.6 km of distillation tunnels with tunnel structures and dead ends behind the station "Aminyevskoe Highway" was signed by the management of the company "Mosinzhproekt" and LLC "CiArCiCi Rus" (the Russian division of CRCC), after 2022, expects together with "Mosinzhproekt" to create a joint venture for the construction of underground in other countries.