Technical cooperation between Infraestruturas de Portugal (IP) Group and China Tiesiju Civil Engineering Group (CTCE)

12/06/2017

Infraestruturas de Portugal Group (IP) and China Tiesiju Civil Engineering Group (CTCEG) have signed a Memorandum of Understanding (MoU) for cooperation in the development of sustainable transport infrastructures in the Portuguese-speaking Countries Community (CPLP).

The signing session was held at AICEP headquarters on November 22nd and was chaired by the Secretary of State for Internationalization, Mr. Eurico Brilhante Dias, the Ambassador of the People's Republic of China in Portugal, Mr. Cai Run, and the President of the AICEP, Mr. Luis Castro Henriques, with the presence of officials from entities from China and from Portuguese-speaking Countries, with economic or diplomatic functions in Portugal.

The MoU was signed by the Managing Director of IPE, Mr. Amílcar Monteiro, and the Vice-President of CTCEG, Mr. Shao Gang, and lays down the activities to be developed by both companies in the Portuguese-speaking Countries.

IP Engenharia (IPE) is the engineering company of the IP Group - the public entity responsible for the investment, management and maintenance of the road and rail networks of Portugal - which is in charge of the Group's international businesses.

CTCEG is one of the largest subsidiaries of the China Railway Engineering Corporation (CREC), which an increasing activity in mainland China, where it has participated in the construction of more than 10.000km of new railways, and, in recent years, it has successfully expanded its activity to the overseas market , with several projects carried out in Angola.

The two public entities intend to contribute to raise the level of economic cooperation between Portugal and China and, simultaneous, to promote the development of sustainable transports infrastructures in the various Portuguese-speaking Countries.

The expectation of the two companies is that they will be able to inaugurate a new paradigm in the sector of the transport infrastructures in the PSC, in which long-term contracts will be outlined between the Governments and the Chinese Construction Companies, to include the Maintenance Management and Operations Management.

The aim of CTCEG and IPE is to be able to develop a new approach that ensures the financial and operational sustainability of transport infrastructures, in a medium and long term perspective, and by this way to reinforce the capacity of organizations and local staff at all stages of the life cycle of an infrastructure.