Author Topic: China Railway International Group (CRIG)  (Read 848 times)

adroth

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China Railway International Group (CRIG)
« on: December 16, 2019, 09:15:57 AM »
China Railway International Group (CRIG)
http://www.crecgi.com/en/

adroth

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Re: China Railway International Group (CRIG)
« Reply #1 on: December 16, 2019, 09:21:08 AM »
CRIG is the Chinese company behind the first High Speed Railway project in Southeast Asia being built in Indonesia. This was a new experience for the Chinese -- which reportedly were not accustomed to public accountability. See below.

Chinese $5.5bn high-speed rail project held up in Indonesia
Ben Bland in Hong Kong JANUARY 28 2016

https://www.ft.com/content/6ae46e68-c596-11e5-808f-8231cd71622e

China’s $5.5bn high-speed rail project in Indonesia has been halted a week after its groundbreaking ceremony in a reminder of the difficulties Chinese companies can face in emerging markets.

Beijing thought it had pulled off a coup in October when it beat fierce competition from Japan to win the contract to build Indonesia’s first high-speed railway.

The Jakarta-Bandung link, China’s first such project in Southeast Asia, is seen as a test of the ability of Chinese companies to operate in a complex democracy. It is being closely watched by countries such as India, Malaysia and Singapore, which are considering the merits of Chinese high-speed rail.

Indonesia’s transport ministry said it had not yet signed off on the construction permits or the concession agreement because the Chinese-Indonesian consortium developing the project had not submitted the necessary documents.

One official complained to the local media that the authorities were unable to move faster because some of the documents were in Chinese and could not be read.

< Edited >

Zhao Hong, an authority on China-Southeast Asia relations at Singapore’s Institute of Southeast Asian Studies, said Chinese state-owned enterprises used to bulldozing their way through objections at home will need a different approach in democracies such as Indonesia.

< Edited >

Details of the project below

https://archpaper.com/2019/11/chinas-belt-and-road-initiative/




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By Gunawan Kartapranata - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=43926417



https://www.iseas.edu.sg/images/pdf/ISEAS_Perspective_2018_2@50.pdf