China Gezhouba to invest $10b in energy, infrastructure projects

ISLAMABAD - China Energy Engineering Group has shown interest to invest $10 billion in Pakistan particularly in energy and infrastructure projects.
Tao Jie Chief Finance Officer Deng Siwen, Chief Commercial Officer and Syed Ahmed local representative of China Gezhouba Group called on Special Assistant to Prime Minister & Chairman Board of Investment, Dr. Miftah Ismail to discuss the signing of MoU with BoI, investment projects and the visit of the company’s President.
Tao Jei briefed the SAPM/ Chairman BOI that China Energy Engineering Group is interested in the development of infrastructure and power projects in Pakistan. Moreover, they can participate in the projects as EPC in the projects related to Pak-China Corridor and can also offer financing/ loans for undertaking these projects.
 In this regard, the president of the company will visit Pakistan next week and during the meeting with Prime Minister, an MoU of strategic corporation will also be signed with BOI.
He further identified that the company will participate in the bidding of Gadani Coal Project and also interested in Jamshoro Power Project. And they will also work on EPC for jetty and transmission lines.
Dr Miftah Ismail said that we should work seriously to mature the investment of $10 billion during the due course of time.
He further said that as the company is involved in large number of mega infrastructure projects in China and other countries, we offer the company to bid for the construction of Hyderabad-Sukhar road. The company was also involved in the construction of Jhang road, a part of Lahore to Multan Motorway.

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