57 Ministerial Officials from 63 Countries Sign US$12.87 Billion Deals, Macao Infrastructure Summit Sparks Overseas Contract Signing Wave
2017-06-07
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From June 1 to 2, the 8th International Infrastructure Investment and Construction Forum was held in Macao. In just two days, the forum hosted 43 thematic events and organized over 220 business meetings.
All participating parties worked actively and carried out extensive business consultations and matchmaking negotiations, reaching and signing multiple cooperation agreements. At the forum's project signing ceremony on the afternoon of June 2, relevant units participated enthusiastically and actively signed business contracts, framework agreements, or memoranda of understanding, covering areas such as industry strategic cooperation, transportation construction, housing construction, petrochemicals, water supply and drainage, design consulting, and industrial park construction.
The number of signing units, projects, and the total contract value at this summit all reached historic highs. According to statistics, a total of 34 units signed 24 business contracts, framework agreements, or memoranda of understanding, with a value of US$12.87 billion, a significant increase of 213% compared to 2016.
Among the signed projects, 7 are related to Portuguese-speaking countries: 5 with Angola, 1 with Mozambique, and 1 with Brazil, involving projects such as tourism parks, food plazas, industrial centers, and bridges.
The following are some specific projects:
1. China Jiangxi International Economic and Technical Cooperation Co., Ltd. signed a memorandum with the Ministry of Roads and Highways of Ghana for the 160-km Tema-Aflao road project in Ghana.
The Ghana Coastal Road project starts from Tema, Ghana's largest port city, and ends at Aflao, a border town in Ghana, with a total length of 160 km. It is designed as a two-lane dual carriageway with a contract value of approximately US$400 million. Once completed, the project will become an important component of the West African coastal highway artery, greatly facilitating the movement of people and goods between Ghana and Togo and the entire West African region.
2. China Harbour Engineering Company Ltd. signed business contracts with Jamaica for the Montego Bay Bypass project and the Rio Bueno Water Treatment Plant project.
3. China Road and Bridge Corporation signed a memorandum with Mozambique for the rehabilitation of the old Sam River Suspension Bridge and the construction of a new bridge, as well as a cooperation memorandum for the MME highway upgrade and reconstruction project.
4. China Railway International Group signed 6 projects with a total value of US$1.3 billion.
On the afternoon of June 2, Zhang Zongyan, President of China Railway, and key leaders of China Railway International Group witnessed the signing ceremonies for a total of 6 projects by the group's Northwest Africa Company and Angola Branch, with a total value of US$1.3 billion.
Among them, the Northwest Africa Branch signed a business contract with Gulf Petrochemical Company for the UAE Fujairah Asphalt Refinery project, valued at US$300 million; and a framework agreement with Senegal's National Housing Rental Company for the Senegal Landmark Tower Complex project, valued at US$493 million.
The Angola Branch signed a business contract with the Planning Bureau of the Angolan Ministry of Industry for the Angola Industrial Park construction project, valued at US$130 million; a business contract with the Angolan Institute of Agricultural Development for the Angola Agricultural Center project, valued at US$145 million; a business contract with the Planning Bureau of the Angolan Ministry of Fisheries for the Angola Fisheries Comprehensive Park project, valued at US$150 million; and a business contract with the Tourism Promotion Bureau of the Angolan Ministry of Tourism for the Angola Food Plaza project, valued at US$145 million.
5. China Tiesiju Civil Engineering Group Co., Ltd. signed a framework agreement for the Angola Cabo Ledo Tourism Park comprehensive project.
The Angola Cabo Ledo Tourism Park construction project is the largest Angolan project at this forum. Located north of the mouth of the Cuanza River, 120 km from Luanda, it covers an area of 3,090 hectares. The main construction content includes tourism area infrastructure development, such as parking lots, surfing beaches, beach bars, public swimming pools, and emergency rescue facilities.
6. Beijing Urban Construction Group Co., Ltd. signed a memorandum for the Mozambique Niassa-Tanzania highway and Majete bridge construction project. The completion of this highway project will not only greatly promote economic development in northern Mozambique but also drive economic development in the north-south longitudinal region of Mozambique and the Tanzania area.
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