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CREC4 Chairman speaks at enlarged Party conference in Hefei2022-04-06 14:25:01

Liu Bo, Party secretary and chairman of China Railway No.4 Engineering Group Co., Ltd (CREC4), attended an enlarged meeting of the Standing Committee of Hefei Municipal Committee of the Communist Party of China (CPC) on March 31, listening to analysis on Hefei’s economic performance in the first two months and arrangement for key tasks in the next stage, and making a speech.

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¡¾Liu Bo, Party secretary and chairman of China Railway No.4 Engineering Group Co., Ltd, speaks at an enlarged meeting of the Standing Committee of Hefei Municipal Committee of the Communist Party of China on March 31.¡¿

Yu Aihua, a member of the Standing Committee of CPC Anhui Provincial Committee and secretary of CPC Hefei Municipal Committee, presided over the meeting, which was also attended by Hefei Mayor Luo Yunfeng.

Leaders from some counties and districts under Hefei, some government departments under Hefei, CRCE4, Hefei Power Supply Company and LaoXiangJi Group made speeches at the meeting.

Hefei, which administers four counties, one county-level city and four , districts in addition to four national-level development zones, has an urban population of 7.71 million, entering the rank of a mega city.

Speaking at the meeting, Liu said CREC4 realized a value of 236.6 billion yuan ($37.1 billion) in newly-signed contracts in 2021, nurturing a municipal engineering market with projects reaching 60 billion yuan, a housing construction market with projects worth 40 billion yuan, and an urban rail and highway construction market with projects hitting 30 billion yuan.

Among the Top 100 Construction Enterprises in the Yangtze River Delta region, CREC4 ranks the 7th, retaining its No 1 position in Anhui province, he said.

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¡¾Participants attend the enlarged meeting of the Standing Committee ofCPCHefei Municipal Committeeon March 31.¡¿

In the first quarter of this year, Liu said, CREC4 made new progress in newly-signed contracts, output value, business income and net profit, all showing steady increase year-on-year. CREC4 aims to reach its goal of gaining “a value of 270 billion yuan in newly-signed contracts and a business income of 120 billion yuan” in 2022.

Liu noted that currently, CREC4 has 54 projects under constructionin Hefei,with a contract value of 29.4 billion yuan. By following a principle of “investing in Anhui and prioritizing on Hefei,” CREC4 will give full play to its advantages in being based in Hefei and having whole industrial chains, and continue to expand investment in the city, so as to make contributions to Hefei and to Anhui at large.

Liu said during the 14th Five-Year Plan period (2021-2025), CREC4 aimsto be to an industrial leader as well as a comprehensive service provider, which is first-class at home and renownedin the world, in the spheres of “transportation infrastructure + urban construction + ecological environmental protection”, thus witnessing further progress in its high-quality development.

Touching on the future development of the construction industry, Liu raised the following suggestions: For policy support, it is hoped that the government can guide large-scale construction, labor, banking, insurance and fund companies to form industrial alliances, in a bid to jointly build construction brands carrying the name of “Hefei”, goingglobal as a group to help and contributing to the high-quality of the Belt and Road. Meanwhile, Hefei can optimize its relevant policies and investment and financing models based on its real conditions, luring more social funds to participate in project construction, and bolstering the project quality.