ACEG 2017 Business Magazine

Page 108

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hina Railway First Group Co., Ltd. (CRFG) was found in 1950, it is a backbone member of China Railway Group Limited which is listed in the Fortune Global 500 Companies. CRFG is certified to possess the Super-grade qualification for general contracting railway and highway engineering, Grade A qualification for general contracting for municipal and housing engineering, Grade A specialized qualification for railway track laying, girder erection engineering, highway pavement engineering, tunnel engineering and bridge engineering, specialized qualification for urban mass transit engineering, overseas engineering, labor service and so on. Its business has covered all China and extended to more than 20 countries abroad. More than 60 years, the Group has completed numbers of high quality projects and has won hundreds of prices and awards at national, provincial or ministerial levels. The Group owns 2 divisions for water works and overseas business, 33 subsidiaries, 16 branches, 6 regional business centers and 31 offices, and has

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ACEG Business Magazine 2017

25549 registered employees. The newly signed contract value in 2015 is 10.88 billion USD and its turnover is 9.12 billion USD. In Guyana, CRFG registered its local office China Railway First Group (Guyana) Inc. in November, 2011. CRFG (Guy) Inc. has undertaken and completed the construction of the 49km of Amaila Falls Access Road, Section 7 and Section 6B/6C which were deemed the most difficult sections of the 7 sections to construct given its geographical and topographical characteristics. Thereafter in December 2014, CRFG won the award and signed the contract for the Widening and Improvement of 18km of the East Coast Demerara Public Road – Better Hope to Belfield Village Region #4. On September 9, 2016, China Railway First Group (Guyana) Inc. has received the “Letter of Acceptance” of aeromovel railway system project in Canoas, Brazil, the contract price of this project is about 25 million USD. This marked a bold step that CRFG (Guyana) Inc. has taken to develop the market of neighboring countries of Guyana.


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