NEW DELHI: China’s state-run engineering giant CRCC has shown interest in participating in projects related to construction of highways by the NHAI, the Indian parliament was informed on Thursday.
“A high-level delegation from the CRCC has shown interest in projects of the National Highway Authority of India (NHAI),” Minister of State for Road Transport and Highways P Radhakrishnan said in a reply in the Lok Sabha.
The Road Transport and Highways Ministry has set an ambitious target of building 15,000km roads and will award another 25,000km projects in this fiscal, which are about two-and-a-half times higher than last year’s.
“The CRCC has also shown interest in participating in the NHAI upcoming projects under Engineering, Procurement and Construction (EPC) and Hybrid Annuity Model,” he added. The China Railway Construction Corporation Ltd, in 2015, was ranked 79th among the Fortune Global 500 and 8th among the Communist nation’s Top 500 Enterprises, as per information on its website.
The business of China’s largest engineering contractor covers project contracting, survey and design consultation, real estate development, logistics, industrial manufacturing, trade of goods and materials as well as capital operations. Its overseas business, spread in over 60 countries and regions, includes building Tanzam Railway (Tanzania-Zambia) and $8.3 billion Nigerian Railway Modernisation Project. The CRCC is the first Chinese contractor to have entered the overseas market.
