雷速体育

2021
CHEC Wins the Tender for Subic-Clark Railway Project in the Philippines
source: Author: Date: 2021-01-04 Font size: [large medium small]

 

On December 29,2020, CHEC won the tender for Subic-Clark Railway Project in the Philippines. The owner of the project is the Ministry of Transport of the Philippines, and the main project content is the construction of a 71km long single track standard gauge freight railway, locomotive procurement and commissioning.. The project adopts the EPC (engineering, procurement and construction) general contract with a construction period of 42 months.

The project links the Subic Freeport and Clark International Airport, and then extends to Clark Free Trade Zone. It is planned to be incorporated into the Luzon Railway Network in the long run. It is one of the flagship projects of the Philippines' “Built It Big” and also a key infrastructure construction project of China-Philippines cooperation under the “One Belt, One Road” initiative. Upon completion, the project will effectively enhance the logistics and transportation efficiency of North Luzon Island, cut its logistics costs and raise regional economic development.

Against the backdrop of a global epidemic and a sluggish economic environment, CHEC insisted on strict epidemic prevention and control, and effectively organized the linkage of resources in the front and back to ensure the successful winning of the tender for this project. This project is a significant accomplishment of CHEC’s implementation of the Group’s market development strategy of “key projects, key areas, key markets, large traffic, large cities, and giving priority to foreign projects as well as river, lake and sea projects”, which marks an important breakthrough for CHEC in the Philippines’ rail transit market, and it further reinforces CHEC’s dominant position in the Philippines’ infrastructure field, and raises CHEC’s brand influence in Southeast Asia. The project endorses Chinese standards, which is also of great significance to the implementation of Chinese rail transit standards in the Philippines and the actualization of international production capacity cooperation.

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