08:58 GMT +322 September 2019
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    Indian Highway

    China’s Main Construction Corporation to Help Build Highways in India

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    A Chinese construction corporation which ranks among the largest such companies in the world has expressed keen interest in bidding for $5-6 billion in contracts in India, India's Ministry of Road Transport and Highways disclosed on Tuesday.

    After a high-level meeting of top executives from the China Railway Construction Corporation (CRCC) and officials from the National Highways Authority of India (NHAI) on Monday, India's Ministry of Road Transport and Highways revealed China's intentions to participate in highway development projects in India.

    ​CRCC, one of the world's largest and most powerful construction groups, has indicated its interest in bidding for 350-400 billion Rupees in contracts (US $5,215-5,960 million) in India.

    The state-owned Chinese enterprise is a global leader in the use of advanced cutting-edge technology and has expertise in not only the design and construction of railways, but also long span bridges, highways and large-section tunnels.

    According to a Ministry statement, NHAI Chairman Raghav Chandra spoke with the CRCC delegation about the various projects it has lined up with the state-run developer, like the upgrading of two-lane highways and construction of expressways.

    ​"They will be participating in hybrid annuity, build-operate transfer (BOT) and engineering, procurement and construction (EPC) models," Chandra said.

    "The meeting was successful, as both parties promised to share the details of policies, procedures and models of constructions which will enrich and further benefit the Indian experience and expertise in the sector," the statement added.

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    construction, investment, highway, India, China
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