SOE morphs into industry chain expert in BRI zones | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
China Communications Construction Co Ltd, a centrally administered State-owned enterprise that specializes in turnkey infrastructure projects, will transform itself into an industry chain builder in economies participating in the Belt and Road Initiative, during the 14th Five-Year Plan period (2021-25), said a senior executive.
By Muhammad Zamir Assadi | chinadaily.com.cn | Updated: 2021-03-09 10:33 Share CLOSE Workers undertake construction at a harbor in Colombo, Sri Lanka, a project under the Belt and Road Initiative and commissioned by China Harbour Engineering Co Ltd, in September, 2020. [Photo/Xinhua]
China s Five-Year Plan announced by Premier Li Keqiang at the National People s Congress has attracted the attention of international community.
The blueprint of China s development course in the next 5 years and long-term objectives through 2035 carry many opportunities regarding cooperation and progress domestically and internationally.
After the sudden outbreak of COVID-19, global economic system faced uncertainty and hardships as the economic growth of various major countries turned into negative.
TRIS Rating affirms the company rating on Gulf Energy Development PLC (GULF) at ?A?. At the same time, we affirm the ratings on GULF?s senior unsecured debentures at ?A-?. The rating outlook remains ?stable?. The issue ratings? one notch below the company rating reflects the structural subordination of the claims under the debentures, due to GULF?s status as a holding company, compared with the debt obligations of the company?s operating subsidiaries.
The ratings reflect the company?s position as one of the leading power producers in Thailand, its well-diversified portfolio, predictable cash flows from its long-term power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT, rated ?AAA/Stable? by TRIS Rating), as well as proven record of developing and operating power plants. In contrast, the ratings are constrained by risks associated with the company?s overseas expansion and a rise in its debt load. The recent capital increase helped reduce leverage
Workers undertake construction at a harbor in Colombo, Sri Lanka, a project under the Belt and Road Initiative and commissioned by China Harbour Engineering Co Ltd, in September. [Photo/Xinhua]
Some 20 kilometers north of Sri Lanka s Hambantota Port, an extension to the country s Southern Expressway is raised high off the ground for a special purpose－to let wild elephants cross the thoroughfare safely.
The elephant passage , an eco-friendly design recommended by a Chinese contractor, is one of the many examples that show how Chinese companies work hard to protect the environment and preserve local ecology when constructing projects under the Belt and Road Initiative.