China State Construction Engineering Corporation Ltd (CSCEC) has won the tender process for the FAW-Volkswagen (Qingdao) East China Manufacture Base PPP project.
Locatedin Jimo City of Qingdao in the Shandong Province, the project involves the development of resettlement houses of 850,000sqm, staff lodging houses of 190,000sqm, and 26 municipal roads and 1 viaduct.
The total project investment is estimated at CNY6.3 billion (US$953.5 million).
Qingdao is a city in eastern Shandong Province on the east coast of China as well as the largest city in Shandong province. It has a population of approximately 5.8 million inhabitants. Qingdao is a major seaport, naval base, and industrial centre.
In late January 2016, China Construction Fifth Engineering Division Corp, a China State Construction Engineering Corporation subsidiary (CSCEC), won the bid for Changsha Yuening avenue PPP project in the central China’s Hunan province.
Before in early January, China State Construction Engineering Corporation (CSCEC) and the government of Nanning in China achieved commercial closure for the Nanning City Bus Rapid Transit (BRT) PPP project.