PPP Business of CCCC - Homepage | ESCAP Business... · 2019-09-23 · PPP, Concession Period: 25Y Phnom Penh - Sihanoukville Expressway in Cambodia 190 KM, 4-Lane, Design Speed 100km/h

PPP Business of CCCC

Originated from GuiZhou Spread Across the World

Yao, Lei Vice-GM of Investment BD of CCCC

Vice-GM of Real Estate BD of CCCC

September 2018

II. PPP Development of CCCC

I. CCCC Overview

III. PPP Model of CCCC in GuiZhou

Contents

About CCCC

Selected Renown Members:

•China Harbour Engineering Company

Limited

•China Road & Bridge Corporation

•China National Real Estate

Development Group Corporation

•Greentown China Holdings Limited

Key Figures:

More than 60 subsidiaries

120,000 employees

Hong Kong Stock Exchange: 1800.HK

Shanghai Stock Exchange:

601800.SS

I. CCCC Overview

ZPMC

CCCC Tianjing

CCCC Tianhe

Fortune 500: Ranked No.91ST

ENR: Ranked No.1 in Asia and No.3 in the World

Largest Harbour Design and Construction

Company in the World

Largest Company in Road and Bridge

Construction and Design in the World

Largest Dredging Company in the World

Largest Container Crane Manufacturer in the

World

Largest Offshore Petroleum Drilling Platform

Design Company in the World

Largest Highway Investment Company in China

Introduction

I. CCCC Overview

Jamaica

N-S Expy

Columbia

M2 Hwy

Colombo Port

City in Sri Lanka

M&A John Holland

in Australia

Business in 135 Countries and Regions

193 Branches in 130 Countries and Regions

Nearly 10 Billion USD investment in 38 Countries (PPP in 12 Countries)

I. CCCC Overview

Highlights Overseas

Colombo Port City in Sri Lanka

Investment: 1.396 Billion USD

Employment Opportunities: 83K

Positions

Jamaica N-S Expressway

65 KM, 4-Lane, Design Speed

80km/h

Investment:726 Million USD

BOT, Concession Period: 50Y

Key Projects

I. CCCC Overview

Key Projects

I. CCCC Overview

Columbia M2 Hwy


80km/h

Investment:660 Million USD

PPP, Concession Period: 25Y

Phnom Penh - Sihanoukville

Expressway in Cambodia


100km/h

Investment:2 Billion USD

BOT, Concession Period: 54Y

Contents


I. CCCC Overview


Principles of Investment

Share the responsibility of

government in economic and social

development

Participate in regional economic

development in an in-depth way

Provide high quality public services

for government procurement

Government: duty on efficient and

high quality public services

CCCC: provide high efficient, high

quality services and obtain

reasonable return

Public: largest beneficiary, and

access to high quality service

Guiyang-Weng’an Expressway

Spring Town of Greentown


Start from 1992

Capital Airport EXPY BOT Project

Present：

• Nearly 300 Projects

• Over 1 Trillion RMB

Fields

• Road, Bridge & Tunnel

• Harbor & Port

• Reclamation

• Municipal Engineering

• Utility Tunnel

• Airport

• Mass Transit

• Urban Complex

• Railway

• Water Conservancy

• Environment

• Low Impact Development

• Health

• Travel

• Renewable Energy

Investment Business of CCCC


Top 3 Architecture Enterprise in PPP

No.1 in PPP Transportation Infrastructure

Unique Pilot State-Owned Capital Investment Company in Architecture

Achievement


13

45

87

40

0

20

40

60

80

100

0

1000

2000

3000

4000

5000

PPP Projects

Investment

Quantity

2015 2016 2017 2018 Jan.-Jun.

¥ 50 B. ¥ 250 B. ¥ 440 B. ¥ 130 B.

Other

Partners

Financing


Contents Contents


I. CCCC Overview


• BOT + EPC + Government

subsidy during construction period

• Equity cooperation + EPC +

subsidy for operating period

• PPP + EPC + reasonable fee

income/traffic volume

• PPP + EPC + reasonable rate of

return on capital

• PPP + EPC + reasonable rate of return on

capital + reasonable fee income

• … …

Guiyang-

Duyun

GuiZhou

Mode

Chongqing

mode

In 2006, GuiZhou and CCCC start the first BOT + EPC expressway in

China: Guizhou-Duyun Expressway

At the end of 2017, CCCC invested more than 160 billion RMB in GuiZhou

Over 100 kinds of trial paths on PPP model

Yunnan

Mode

Phnom Penh

Expressway in

Cambodia

SOE PPP

Model Jamaica

Mode

Development and innovation of PPP model by CCCC


Project：JiangKou-Weng’An EXPY Investment：¥ 16.0 b. Length：144 KM

Project：YanHe-DeJiang EXPY Investment： ¥ 10.7b. Length：104KM

Project：GuiYang-QianXi EXPY Investment：¥ 9.0 b. Length：78 KM

Project：DaoZhen-Weng’An EXPY Investment：¥ 26.2 b. Length：254 KM

Project：GuiYang-DuYun EXPY Investment：¥ 7.5 b. Length：81 KM

CCCC Operational Expressway in GuiZhou

Project：GuiYang-Weng’An EXPY Investment：¥ 0.9 b. Length：71 KM

¥78.1 B. Operational Asset of CCCC in GuiZhou till 2017


Longli Interchange of Guiyang -

Duyun Expressway

Qingshui River Rridge of Guiyang –

Weng’an Expressway

Wujiang Grand Bridge of Daozhen

– Weng’an Expressway

Yachihe Bridge of Guiyang - Qianxi

Expressway

Typical Projects


Key to success

• Full trust relationship between CCCC and GuiZhou

• Enterprise: Advantages of capital, technology and management

• Government: Resources match and subsidy

• Enterprises and Government: Win-Win

First "county-county connection expressway“ Province in West China

5100 Km Expressway in Guizhou in 2015, Which is 7.5 times in 2006

Save money Quick effect High quality


Road Network of GuiZhou Province

One-hour

economic

circle

Guiyang-Weng'an

Expressway

Guiyang-Weng'an

Expressway is part of the

national expressway

network

71km, 4 Lanes

Investment: 8.6B RMB

Open Traffic: Dec.18 2015

Typical PPP Project


2012.09 2012.10 2015.12 2014.04 2013.08 2012.10

Bid Open

Traffic SPV Register

Operation

Approval

Construction

Started

Land

Approval

2016.01

Contract

Construction

Drawings

Approval

2014.08

4 years from investor verification to complete construction

1 year ahead of schedule

Save 860 million RMB on construction cost

Project Milestones


All construction costs will be paid by users rather than the government

30-year concession period and approved toll rate by agreement

Profit Pattern


2017 2018 E 2019 E 2020 E 2021 E 2022 E

Expenditure Unit: ￥1 M

700

600

500

400

300

200

100

0

Income & Expenditure


Income

2016

Whole

Industry

Chain

Design

Constructi

on

Test

Manufactu

re

Success Factors


Implement Whole-Life Cycle Concept

• No major pavement rehabilitation

within 10 years


• Public service combined with

asset maintenance

Success Factors

High Quality Project

State Media Report


Success Factors

Cooperation between Government and Enterprise to Fulfill Win-Win Strategy

Weng’an Expressway: Landmark Project of “County-

County Connection Expressway” in GuiZhou

Reasonable resource arrangement to play a

role on improving effect and efficiency

Enterprise:

As think tank

using own

advantage and

ability

Government：

Contract

Credit

Cooperation

Core


Experience Sharing

Focus on One Core

Second: Evaluation on Operational Capability

First: Payment Capability of Government

Gov.

Users

Third

Mode Base Conditions


Experience Sharing

Hold Two Basis

Benefit Balance among Government, Enterprise and Financial institution

PPP

Gov.

Financial

institution Enterprise

Capital Support

Policy and Resource

High Quality Public Service


Experience Sharing

Keep Three-Side Balance

We build a connected world,

livable city and better lives.

Documents

PPP Business of CCCC - Homepage | ESCAP Business... · 2019-09-23 · PPP, Concession Period: 25Y Phnom Penh - Sihanoukville Expressway in Cambodia 190 KM, 4-Lane, Design Speed 100km/h