China Construction Communications Engineering Group Corporation
China Construction Communications Engineering Group Corporation (CSCECSZ) was formally founded in July 2012, as a subsidiary of China State Construction Engineering Corporation Ltd (CSCEC). CSCECSZ is a strategic group in the sector of large transport infrastructure, undertaking strategic responsibility to develop railway, highway, municipality facilities, rail transport and other large transportation investments on behalf of CSCEC. It is set up through integrating core transportation and construction resources of CSCEC as mergers and acquisitions platform, project financing and investment operations platform, high-technology equipment operation and management platform.
According to the "Twelfth Five Year Plan", CSCEC will accomplish 230 billion RMB for revenues in infrastructure sector by 2015, accounting for 30% of the whole group, among which the revenues from large transport infrastructure will account for over 60% thereof and the expected revenue will reach over 150 billion RMB. As the financing and investment operations platform and high-end project performance platform in the big transport sector, revenue from high-end projects and M & A business carried out by CSCECSZ is expected to be more than 50 billion RMB in 2015. Currently, CSCECSZ is the main force for the construction of two railway projects (Chengdu-Chongqing Railway and Shenyang to Dandong Railway ) with the total contract value of 15.3 billion RMB, and Shenzhen No. 9 Subway Project, which is the most difficult rail transit construction to build in the nationwide. In the meanwhile, CSCECSZ is steadily progressing in the financing and investment construction of road and municipality facilities, mergers and acquisitions of the transport industry and integration of industrial resources