On December 29, the company won the bid for the Subic-Clark railway project in the Philippines. The owner of the project is the Department of Transportation of the Philippines. The main project content is the construction of a 71-km single-track standard gauge freight railway, locomotive procurement and debugging. The project adopts an EPC general contract for design, procurement and construction, and the construction period is 42 months.
The project connects the Subic Free Port and Clark International Airport, and subsequently extends to the Clark Free Trade Zone. The long-term plan is included in the Luzon Railway network. It is one of the flagship projects of the Philippines’ “Build, Build, Build” and is also under the “Belt and Road” initiative. China-Philippines cooperation key infrastructure construction projects. After the project is completed, it will effectively improve the logistics and transportation efficiency of North Luzon Island, reduce logistics costs, and promote regional economic development.
In the context of the raging new crown epidemic around the world and the economic downturn, the company insisted on unswerving epidemic prevention and control, and at the same time effectively organized front and back resource linkages to ensure the smooth winning of the project. This project is an important achievement of the company’s implementation of the Group’s market development strategy of “three majors, two majors and two excellences”, marking the company’s important breakthrough in the Philippine rail transit market, further consolidating the company’s dominant position in the Philippine infrastructure field, and enhancing the company’s Brand influence in Southeast Asia. The use of Chinese standards in the project is also of great significance to the implementation of Chinese rail transit standards in the Philippines and the realization of international capacity cooperation