ZPMC signing contracts for about $600million on 2nd Belt and Road Forum CEO Conference

Time:2019-05-06    Number:406    【Big Middle Small】    
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The 2nd Belt and Road Forum for International Cooperation CEO Conference was held in Beijing on April 25th, at which Gao Yunlong, Vice-chairman of CPPCC National Committee and Chairman of Federation of Industry and Commerce and Xiao Yaqing, Director of State-owned Assets Supervision and Administration Commission of the State Council were present. Liu Qitao, Secretary and Chairman of CCCC, was present at the Conference at the invitation and made the keynote speech. Zhu Lianyu, Secretary and Chairman of ZPMC and Liu Qizhong, Vice-president of ZPMC were also present at the Conference and signed two contracts on behalf of the Company.

The first CEO Conference, a highlight of this Forum, is intended for the platform on the mutual exchange, cooperation, contract signing and deepening cooperation for the industrial and commercial circles of different countries, sharing the opportunities brought about by the Belt and Road Initiative. Zhu signed the contracts with PSA Tuas Terminal of Singapore and TIL of Israel for the total contract price of $580million at the Conference, another achievement of the Belt and Road Initiative. 

PSA Tuas Project of Singapore is the largest one of ZPMC this year, involving 28 STSs and 78 RTGs (including optional items) with the total contract price of $500million. The Tuas Terminal will be an automatic one with 64 berthing positions and the annual cargo handling capacity of 65million TEU, the largest port project of ZPMC at present, after the automatic terminal of Shanghai Yangshan Phase IV.

It’s learned that to make better cooperation, ZPMC is planning to establish a branch of Zhenhua Research Institute in Singapore PSA for mutual research on the requirements of PSA in the future, including the new technical R&D and technical problems solution, to promote the further cooperation of both parties in the globe. ZPMC has supplied more than 300 pieces of port equipment since entering the market of Singapore in 1994.

Israel HCT Terminal project of TIL involves 8 STSs with the total contract price of $80million, for which, ZPMC will supply advanced port machinery of the high automation and with the remote-control functions.

TIL is the port investment and operation company under MSC (Mediterranean Shipping Company), developing in the whole world. It is the first cooperation between ZPMC and TIL in the country of Israel. ZPMC has supplied 9 STSs and 22 automatic RMGs since entering the market of Israel officially in 2017. 

ZPMC, adhering to the principle of extensive consultation, joint contribution and shared benefits, has been participating into the construction of the Belt and Road after the Belt and Road Initiative. The Company, as the contributor, participator and supplier of infrastructure connectivity, foreign contracting and foreign investment, has been practicing the Belt and Road Initiative strongly. The statistics shows that ZPMC has supplied more than 3,500 pieces of equipment for 52 countries and regions along the routes of the Belt and Road.

Present at the CEO Conference were 900 representatives from the governmental sectors, business associations, companies of more than 80 countries and regions as well as from related international organizations, including 90 Top 500 companies in the world, more than 100 central companies and more than 200 private companies. 

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