On May 5th,
good news was delivered from the overseas market development of our company. In
the form of a consortium, we, together with NORINCO International Cooperation
Ltd., won the bidding of Golbahar-Mashhad Electrified Railway Project in Iran
(EPC+F) at one stroke and became its general contractor of financing, design,
procurement, manufacturing supervision, construction & installation and commissioning.
Total amount of contract is 299 Million Euro; there into, we take up 100 Million
Euro (Approx., RMB 770 Million).
Electrified Railway Project is a newly built suburban railway electrification project
with double-track and standard-gauge. The overall length of the main line is 40
km, including 3.5 km underground part. The specialities for 4 stations cover Traction
Power Supply, Electricity，Communication, Signaling,
SCADA, BAS, FAS, FES, AFC, HVAC, Escalator & elevator, OCC and Depot.
Currently, while the
government takes the initiative to promote a national strategy of “One Belt One
Road”, domestic industries related to railway engineering attach great
importance on “Going Out” of Chinese high-speed rail which is a significant
part of this strategy. In the meantime, our Company elevates internationalized
business to the unprecedented degree during the implementation ofNew “Five & Four” Strategy.
As a window unit of our Company’s overseas engineering, International
Engineering Corporation not only assumes responsibilities to realize “Going
Out” development strategy and build an international brand for China Railway
Electrification, but brings forth new development ideas. In addition, it
cultivates overseas markets as well and gains splendid achievements
successively in four regional markets such as Middle-East, Southeast Asia,
Central Asia and Eastern Europe. Finally, the Company achieves such an excellent
situation in which a balanced development between “Navigate with a Borrowed
Boat” and “Navigate by Sailing a Boat” have been obtained gradually.