国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Jamaica highway rated a success

By Zhong Nan (China Daily) Updated: 2016-07-02 09:32

Jamaica highway rated a success

A worker with the China Harbor Engineering Co at a port construction site in Cote d'Ivoire. [Photo/Xinhua]

More than 1 million vehicles have been recorded traveling on Jamaica's costliest construction project, the North-South Expressway, since the end of March following its completion, according to a leading executive at China Harbor Engineering Co, the company that built most of it.

Lin Yichong, chairman of State-owned CHEC, a unit of China Communications Construction Co, said that as the Caribbean nation has only 1.2 million vehicles, this figure indicated the highway has worked well to improve regional connectivity in Jamaica, as well as creating more than 2,000 jobs in the services sector for local residents.

The four-lane, 65-kilometer and $732-million highway is CHEC's first overseas infrastructure project using the "build, operate and transfer" model. The Chinese company's share of total contract value was $540 million.

The highway took three years to build and connects Caymanas in the Saint Catherine region - a town about 11 km west of the capital Kingston - with Ocho Rios, in the parish of Saint Ann on Jamaica's north coast.

"The majority of countries and regions in the Caribbean rely on trade in commodities, agricultural and mining products," said Lin.

"Countries with better infrastructure facilities such as roads, airports, bridges and container ports, have more chances to increase government revenues and their standard of living."

CHEC's business in Jamaica has also included building a main road to the country's airport and other road-improvement projects, while regionally it has taken part in Costa Rica's No 32 highway reconstruction and expansion project, and the third phase of Colon container terminal project, in nearby Panama.

The company also signed an engineering, procurement and construction contract for a loading facility at a power station in Pakistan's Balochistan province, with Pakistan International Bulk Terminal Ltd earlier this month. The project, when completed, will handle 4.4 million metric tons of coal annually.

Fang Qiuchen, president of the China International Contractors Association in Beijing, which helps Chinese companies facilitate new business in overseas markets, said Chinese companies are capable of coordinating finance for projects through Chinese institutions such as the Export-Import Bank of China, China Development Bank or even their cash-rich mother companies.

"They do not generally seek sovereign guarantees when working with local partners, especially in regional markets such as Africa, Latin America, Southeast Asia and East Europe," he said.

Hot Topics

Editor's Picks
...
临夏县| 深州市| 弋阳县| 景德镇市| 铜陵市| 通道| 元谋县| 桂东县| 丰城市| 辛集市| 文山县| 安徽省| 区。| 孝感市| 泰来县| 崇信县| 莱西市| 阿勒泰市| 紫金县| 宜兴市| 临夏县| 东阳市| 册亨县| 南昌县| 江达县| 凌源市| 河南省| 甘孜县| 唐山市| 靖安县| 景洪市| 凌海市| 广州市| 甘泉县| 沧州市| 福安市| 马山县| 尖扎县| 依兰县| 上饶市| 十堰市|