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CREM settles down in Changsha County

ck1wixnt70|Updated : Jun Fri 2023
The signing ceremony for the cooperation framework agreement between the People’s Government of Changsha County and China Railway Communications Investment Group Co., Ltd, as well as the unveiling ceremony of the China Railway Expressway Management Co., Ltd. was held on June 14.

As one of the world’s largest construction contractors, China Railway Group Limited (hereinafter CREC) has been on the list of the world’s top 500 companies for 17 consecutive years and is ranked fifth on the list of “China’s Top 500 Companies”.

China Railway Communications Investment Group Co., Ltd. (CRCI), the wholly-owned secondary subsidiary of CREC, is a specialized company in investment, construction and operation related to the expressway businesses of CREC. 

China Railway Expressway Management Co., Ltd. (CREM) is a wholly-owned subsidiary of CRCI, which has completed registration in May this year with a registered capital of 200 million yuan. 

CREM is mainly responsible for the operation of service areas of expressway projects controlled and managed by CREC and the operation of the relative business forms of the expressway derivative economy. It is said that efforts will be made to build a 10 billion yuan industrial cluster of expressway derivative economy in five years.

CREM’s settling down in Changsha County is an important achievement of the county to effectively strengthen the cooperation between the central government and the local government and promote win-win cooperation.

“It is not only a good opportunity for Changsha county to attract China’s state-owned enterprises, but also a powerful initiative to carry out the special action of the county, which will definitely inject strong momentum into the high quality development of the county economy,” said an official of Changsha County government.
 
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