China Communications Construction

CHINA COMMUNICATIONS CONSTRUCTION COMPANY, Ltd. (CCCC) is a majority state-owned, publicly traded, multinational engineering and construction company primarily engaged in the design, construction and operation of infrastructure assets, including highways, bridges, tunnels, railways (especially high-speed rail), subways, airports, and marine ports. Through its subsidiaries, CCCC has full EPC capabilities and actively pursues P3 projects, often acting as concessionaire. In addition, the company provides dredging services, and engages in oil platform design and construction.

China Communications Construction
State-owned enterprise
Traded as
ISINCNE1000002F5 
IndustryEngineering and Construction
Founded2005
Headquarters85 De Sheng Men Wai Street, Xicheng District, ,
People's Republic of China
Area served
Worldwide
Key people
Liu Qitao, Chairman

Song HaiLiang, President

Peng Bihong, Chief Financial Officer
ServicesInfrastructure Design and Engineering

Road and Bridge Construction

Railway Construction

Transit Construction

Port Construction

Dredging

Oil Platform Design and Construction

P3 Investment
RevenueUS$70 billion
OwnerState-owned Assets Supervision and Administration Commission of the State Council (63.8%)
Number of employees
118,000
SubsidiariesChina Road and Bridge Corporation
China Harbour Engineering
John Holland Group
Websiteen.ccccltd.cn
China Communications Construction Co., Ltd.
Simplified Chinese中国交通建设股份有限公司
China Communications Construction
Simplified Chinese中国交通建设
Traditional Chinese中國交通建設
Second alternative Chinese name
Simplified Chinese中交建
Traditional Chinese中交建

In 2018, CCCC and its affiliates were listed #3 on ENR's list of Top 250 International Contractors,[1] was ranked #1 in the Transportation category,[1] and was #1 overall among Chinese enterprises in terms of revenue from overseas projects.[1] The company is also #91 on Fortune's Global 500 List.[2]

CCCC is an active equity investor in infrastructure projects globally, and is ranked #41[3] on the Infrastructure Investor 50 list compiled by Private Equity International (PEI), just below well-established infrastructure funds such as Oaktree (#38), The Carlyle Group (#39), GSIP (#36), and Axium (#34).

History

CCCC's predecessors can be traced back to the Qing Dynasty, when the Junpu Engineering Bureau was established in 1905.[4] The company was officially formed in 2005 by the combination of China Road and Bridge Corporation (CRBC) and China Harbour Engineering Co. (CHEC), which focus on transportation infrastructure and marine infrastructure, respectively. In 2006, the company listed shares on the Hong Kong Stock Exchange, followed by a listing on the Shanghai Stock Exchange in 2012. The company now holds additional subsidiaries: John Holland Group, which is an Australia-based construction company focused on infrastructure; and Friede & Goldman, which engineers offshore vessels for the oil and gas industry.

Business scope

Scope of road and bridge engineering and construction businesses:[5]

  • World's largest highway and bridge design and construction company.[1]
  • Asia's largest international contractor.[1]
  • Largest Asia-based expressway investor.[5]
  • Designed or constructed five of the world's ten longest cable-stayed bridges in terms of bridge span.[5]
  • Designed or constructed seven of the world's 18 suspension bridges with a main span of more than 1000 meters.[5]
  • Designed or constructed six of the world's ten largest cross-sea bridges.[5]

Scope of port engineering, construction, and port/marine-related equipment businesses:[5]

  • World's largest port design and construction company.[5]
  • Independently designed and constructed seven of the world's ten largest ports in terms of throughput.[5]
  • World's largest dredging company.[5]
  • World's largest offshore oil drilling platform design company.[6][5]

Notable projects

Shareholders

CCCC is a "blue chip" stock (part of the CSI 300 Index). State-owned Assets Supervision and Administration Commission of the State Council (SASAC) holds 63.8% of the company's shares.[22] Other shareholders include multiple affiliates of (or funds managed by) Merrill Lynch, BlackRock and JPMorgan Chase.[22]

See also

China Road and Bridge Corporation (CRBC)

China Harbour Engineering Co. (CHEC)

One Belt One Road Initiative (OBOR)

Infrastructure-Based Development

Asian Infrastructure Investment Bank

References

  1. "ENR's 2017 Top 250 International Contractors 1-100". www.enr.com. Archived from the original on 2018-06-12. Retrieved 2018-04-12.
  2. "Global 500". Fortune. Archived from the original on 2018-04-13. Retrieved 2018-04-12.
  3. "Database - LPs, GPs, Funds | Infrastructure Investor". Infrastructure Investor. Archived from the original on 2018-06-12. Retrieved 2018-06-11.
  4. Alon, Ilan. A Guide to the Top 100 Companies in China. World Scientific. ISBN 978-981-4291-46-0.
  5. "Social Responsibility Report, 2016" (PDF). Archived (PDF) from the original on 2018-04-18. Retrieved 2018-04-17.
  6. "A Closer Look Into China's Engineering Feats". Archived from the original on 2018-04-18. Retrieved 2018-04-17.
  7. "Sino-Italian consortium to design Venice Offshore Port-Belt and Road Portal". eng.yidaiyilu.gov.cn. Archived from the original on 2019-01-12. Retrieved 2019-01-11.
  8. "Longest Bridge in the World - Danyang–Kunshan Grand Bridge - Facts and History". www.historyofbridges.com. Archived from the original on 2018-04-14. Retrieved 2018-04-18.
  9. 郭凯. "Major tunnel of HK-Zhuhai-Macao Bridge completed - Chinadaily.com.cn". www.chinadaily.com.cn. Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  10. "The Suramadu Bridge, the Longest Bridge in Indonesia". www.indonesia-tourism.com. Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  11. "HighestBridges.com". Archived from the original on 2017-10-11. Retrieved 2018-04-17.
  12. "Xihoumen Bridge". en.chinabridge.org.cn. Archived from the original on 2018-04-18. Retrieved 2018-04-17.
  13. "Qingshuihe Bridge - HighestBridges.com". www.highestbridges.com. Archived from the original on 2018-07-08. Retrieved 2018-04-18.
  14. "Runyang bridge to help span the wealth gap". www.chinadaily.com.cn. Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  15. "Maputo-Catembe bridge a major step forward for Mozambique". Mozambique. Archived from the original on 2018-04-13. Retrieved 2018-04-13.
  16. Ratana, Uong (2018-01-18). "Expressway project ready to move". Phnom Penh Post. Archived from the original on 2018-04-13. Retrieved 2018-04-13.
  17. "Chinese Funding for Senegal Road Project". WorldHighways.com. Archived from the original on 2019-11-02. Retrieved 2018-04-13.
  18. 李齐. "Chinese companies making inroads - AFRICA - Chinadaily.com.cn". africa.chinadaily.com.cn. Archived from the original on 2018-04-13. Retrieved 2018-04-13.
  19. "China ties a boon for Senegal | African Independent". Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  20. "China's dizzying 'Bicycle Skyway' can handle over 2,000 bikes at a time — take a look". Business Insider. Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  21. "Terminal 3 Beijing Capital International Airport (T3)". Beijing Impression. Archived from the original on 2018-04-19. Retrieved 2018-04-18.
  22. China Communications Construction Co. Ltd. Annual Report 2016. p. 57.
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