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$181.52mn

Moving up one place to 55 in the Global 500, China Railway Engineering Corporation Group’s (CREC) revenues have risen by 9.1%. Now under the supervision of China’s State Council, the group began life in 1894 when China Shanhaiguan Manufactory (now a subsidiary of CREC) was set up to manufacture railway tracks and metal bridges for the Peking-Zhangjiakou Railway, the first railway project designed and constructed by the Chinese. This summer, the work of group subsidiary China Railway No.2 Group on the Bheri Babai Diversion Multipurpose Project in Nepal, with COVEC, achieved an award of merit for ENR’s 2019 Global Best Projects.

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Construction Global Weekly