Sino Great Wall consortium wins contract for Cambodia's twin towers

[geovalin]

Dec 29 A consortium led by Sino Great Wall International has won a $2.7 billion contract to build the 133-storey Twin Trade Center in Phnom Penh in Cambodia, which will be one of the world's tallest buildings, parent Sino Great Wall Co Ltd said on Thursday.

Sino Great Wall, like many other Chinese companies, has been actively expanding overseas. Earlier this month, it won construction contracts in Malaysia and Macau worth about 373 million yuan.

It also signed contracts for projects in Indonesia, Myanmar and Congo earlier this year.

 

The Phnom Penh contract will come into effect once the consortium, which includes Sino Great Wall International and Wuchang Shipbuilding Industry Co Ltd, finalises the funding. The project is expected to take about 60 months, Sino Great Wall said in a filing to the Shenzhen stock exchange. (Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong. Editing by Jane Merriman)

 

source http://in.reuters.com/article/sino-great-wall-cambodia-idINL4N1EO32R

[canuckamuck]

133 stories! A little over compensation I would say.

[licka]

Do they plan on half of Cambodia living in the tower

[elgordo38]

On 12/30/2016 at 8:33 AM, canuckamuck said:

133 stories! A little over compensation I would say.

You will notice that towards the end of every economic cycle these visions of grandeur take place. I wonder if it will surrounded by shanty towns. If so it should really make this edifice stand out. 

[Jonmarleesco]

Chinese. There's a surprise.

[Pdaz]

Another low ball bid for a substandard product.