ppp business of cccc - homepage | escap business... · 2019-09-23 · ppp, concession period: 25y...
TRANSCRIPT
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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
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II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou
Contents
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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
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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
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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
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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
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Key Projects
I. CCCC Overview
Columbia M2 Hwy
136 KM, 4-Lane, Design Speed
80km/h
Investment:660 Million USD
PPP, Concession Period: 25Y
Phnom Penh - Sihanoukville
Expressway in Cambodia
190 KM, 4-Lane, Design Speed
100km/h
Investment:2 Billion USD
BOT, Concession Period: 54Y
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Contents
II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou
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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
II. PPP Development of CCCC
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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
II. PPP Development of CCCC
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Top 3 Architecture Enterprise in PPP
No.1 in PPP Transportation Infrastructure
Unique Pilot State-Owned Capital Investment Company in Architecture
Achievement
II. PPP Development of CCCC
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.
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Other
Partners
Financing
II. PPP Development of CCCC
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Contents Contents
II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou
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• 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
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
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All construction costs will be paid by users rather than the government
30-year concession period and approved toll rate by agreement
Profit Pattern
III. PPP Model of CCCC in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
Income
2016
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Whole
Industry
Chain
Design
Constructi
on
Test
Manufactu
re
Success Factors
III. PPP Model of CCCC in GuiZhou
Implement Whole-Life Cycle Concept
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• No major pavement rehabilitation
within 10 years
III. PPP Model of CCCC in GuiZhou
• Public service combined with
asset maintenance
Success Factors
High Quality Project
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State Media Report
III. PPP Model of CCCC in GuiZhou
Success Factors
Cooperation between Government and Enterprise to Fulfill Win-Win Strategy
Weng’an Expressway: Landmark Project of “County-
County Connection Expressway” in GuiZhou
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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
III. PPP Model of CCCC in GuiZhou
Experience Sharing
Focus on One Core
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Second: Evaluation on Operational Capability
First: Payment Capability of Government
Gov.
Users
Third
Mode Base Conditions
III. PPP Model of CCCC in GuiZhou
Experience Sharing
Hold Two Basis
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Benefit Balance among Government, Enterprise and Financial institution
PPP
Gov.
Financial
institution Enterprise
Capital Support
Policy and Resource
High Quality Public Service
III. PPP Model of CCCC in GuiZhou
Experience Sharing
Keep Three-Side Balance
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