China Railway Construction Corporation
The China Railway Construction Corporation (simplified Chinese: 中国铁建 or 中国铁道建筑总公司; traditional Chinese: 中國鐵建 or 中國鐵道建築總公司), or simply CRCC, is the second largest state-owned construction enterprise in China, just after China Railway Engineering Corporation, and the world's top construction contractor by total revenue in 2012.[1][2]
Corporate structure
CRCC is under the supervision of the State Council of the People's Republic of China.
Since February 2008, A shares and H shares of CRCC are listed on the Shanghai and Hong Kong stock exchanges.
History
Formerly the railway arm of the People's Liberation Army, CRCC is engaged in the businesses of construction contracting, surveying, design and consultation, industrial manufacturing, exploitation of real estate, capital operation and logistics.
The company premiered on the Shanghai and Hong Kong in February 2008, raising USD 5.7 billion, making the second largest IPO of that year. The performance was poorer than expected because of poor investment atmosphere from United States subprime mortgage crisis and China's economic macro-control.
On August 4, 2012 CRCC reached an agreement with F.C. Internazionale Milano: CRCC is the new business partner of the footballteam an will hold about 15% of the club.
A team from CRCC in March 2013 joined in the rescue efforts after the worst building collapse in Tanzanian history. The team was praised by the national newspaper for giving the rescue operation Dar es Salaam focus and an urgent pace.[3]
Projects
2008
-
Libya - CRCC wins $2.6b bid for west-to-east coastal railway 352 km from Khoms to Sirte and a south-to-north railway 800 km long for iron ore transport from the southern city Sabha to Misrata.
2009
2012
-
The new football stadium of F.C. Internazionale Milano in San Donato Milanese, which will cost about 250 million €, will be built by CRCC. End of construction: 2017 (estimated).
2013
-
The Kuwait Bowling Club Car Park for the Public Authority of Youth and Sports in Salmiya, which will cost about 4 million KWD, will be built by CRCC. End of construction: 2014.
See also
References
External links
 Railway construction companies of China |
|---|
| |
|
 Hang Seng China Enterprises Index companies of Hong Kong |
|---|
| |
|
Construction and civil engineering companies of China |
|---|
| | | | Construction/Engineering | |
|---|
| | Design/Consulting | |
|---|
| | Expressway developers | |
|---|
| | Building materials | |
|---|
| Category:Construction and civil engineering companies of China |
|
Saudi Arabia - CRCC wins 6.7 billion Saudi riyal contract to build the first 18 km of the metro in Mecca[4]