InfoAnda - China cracks EU roadworks market via Poland

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Le Carre, Clooney and Carnage contest Venice film prize | | 5 September 2011
Yahoo! News | 12 April 2010
U.S. Border Patrol Agent Kills Mexican Teen | 9 June 2010

Questions over future of Guantanamo Uighurs | 11 June 2009

Forum Views () Forum Replies ()

Read more with google mobile : China cracks EU roadworks market via Poland

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China cracks EU roadworks market via Poland AFP - Sunday, December 13 Send IM Story Print China cracks EU roadworks market via Poland Slideshow: Full Photo Coverage: Business & Economy WARSAW (AFP) - – China has cracked the European Union's road construction market by winning its first contracts in 2004 bloc entrant Poland to build two stretches of highway. By 2012, just in time for Poland's run as co-host of the European football championships, China Overseas Engineering Group Company (COVEC) is set to complete just over 49 kilometres (30 miles) of the A2 highway linking Warsaw and Berlin. COVEC's bid for a section of highway between the Polish and German capitals beat out several European competitors. "This is the first roadworks infrastructure tender won by a Chinese company in Poland," Marcin Hadaj, spokesman for Poland's state GDDKiA roads and highways company, told AFP. Experts from Europe's construction and public works lobby told AFP the deal is unprecedented in the 27-nation EU. Polish authorities, meanwhile, have hailed the arrival of the Chinese. "The presence of Chinese companies has a positive effect on the bid levels in public tenders," said Stanislaw Lesniewski, an official at Poland's infrastructure ministry. "The Chinese bid was the least expensive and of course that's why it won," he added. One A2 tender was for a stretch of highway around 29 kilometres (18 miles) long. COVEC offered to build it for 754.5 million zloty (185 million euros, 267 million dollars) -- or just 44 percent of the sum the Polish state had estimated it would cost. Jerzy Frenkiel, CEO of Decoma, a Polish company which has partnered up with COVEC, flatly rejected accusations that the Chinese used dumping rates to undercut their rivals. "The other competitors also made bids substantially lower than the estimate," Frenkiel said, explaining that estimated costs were drafted when prices were at a peak. Experience gained ahead of the Beijing Olympics in 2008 and ample liquidity gave COVEC a major advantage over competitors, according to Hadaj. "They don't need expensive credit to finance the project, so this is why their bid was unbeatable," he said. Rivals such as European giants Strabag of Austria, Sweden's Skanska and Spain's Ferrovial, which have shared the Polish market up to now, "are too eager," Frenkiel said. "The Chinese are happy with an honest profit." "To arrive at this price, a number of workers, especially managers who are less expensive than their Western counterparts, will come from China," he said. Twenty-five Chinese engineers are already doing groundwork before the project kicks off in the spring. Ex-communist Poland, a relatively large central European country of 38 million people, has a transport network light years behind that of its Western neighbours. It is a legacy of underinvestment during five decades of communism and of a failure to get enough road projects underway since the fall of the regime in 1989. Many of Poland's major cities, let alone small towns, are connected by single-lane roads, and drivers need stamina and time to make journeys that in Western Europe would often be several hours shorter. Poland slowly has been building a basic multi-lane highway network -- to date, 837 kilometres (519 miles) out of the total 1,800 kilometres (1,116 miles) planned by 2012. Getting even a small slice of the action in Poland's highway construction translates into big business. Warsaw's highway development plan for 2008-2012 is worth 27.5 billion euros (40.5 billion dollars), of which close to a third is covered by EU funding for the bloc's less well-off member states. Separately, the European Investment Bank (EIB) has since 1990 lent Poland 7.2 billion euros for road projects. "Whether a company is Chinese or European, we are not going to decide for our client how it will use the money, so long as the Chinese company respects our rules. And they respect all the rules as far as I know," EIB spokesman Dusan Ondrejicka told AFP. COVEC company representatives refused to comment on the contract. Three years ago the company opened an office in Warsaw, its only foothold in Europe. "In reality, within the group of ten states which joined the European Union five years ago, Poland is, in our opinion, the most promising market," COVEC vice president Zhao Xiang said in a rare interview with a Polish website earlier this year. "We are also interested in infrastructure projects in Bulgaria, Romania and Hungary. We're also following developments in Ukraine. Russia remains too unpredictable for us for the moment," he said. Recommend Send IM Story Print Related Articles Billionaire favored in Chile vote but run-off seen Reuters - 1 hour 49 minutes ago UPDATE 2 - MIDEAST STOCKS - Factors to watch - Dec 13 Reuters - 1 hour 58 minutes ago TABLE-Bangladesh key economic indicators - Dec 13 Reuters - 2 hours 58 minutes ago Young Chinese groan at skyrocketing property costs AFP - Sunday, December 13 China cracks EU roadworks market via Poland AFP - Sunday, December 13 News Search Top Stories 'Whack A Banker' game proving a hit in Britain Top British banker admits 'mistakes' on bonuses US House passes historic financial sector overhaul Developing nations slam EU climate fund pledge Iran, Afghanistan, threaten Gulf security: Kuwaiti minister More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Tiger Woods' girlfriend apologizes in TV interview US House passes historic financial sector overhaul Iran, Afghanistan, threaten Gulf security: Kuwaiti minister Developing nations slam EU climate fund pledge Iraq strikes deals with Big Oil on southern fields More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Virgin unveils spaceship to offer space tourism Mankind using Earth's resources at alarming rate Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 13 December 2009
Lawmaker: Iraqi security had tip-off before bombs
Showdown looms over West Bank construction curb
Intelligence on Baghdad blasts mishandled: interior minister |
Iraq hails 2nd oil auction but risky sites shunned
Iran offers to swap low-enriched uranium for fuel
Seven crew missing after ship capsizes off Lebanon
Afghan cabinet unveiled end of the week: official |
Rebel Abkhazia chooses leader, Russia hails vote |
UN builds mud brick homes for homeless Gazans
Iranian clerics rally to support supreme leader
Brazil, Peru condemn Honduran limits on Zelaya |
Blair defends Iraq war, even without WMD
Iran proposes fuel swap on Kish island
Japan takes three titles in Grand Slam judo
Martial law ended in Philippine massacre province
Violence mars huge Copenhagen demonstration
Sri Lanka war refugees face uneasy homecoming
`Family Ties' actor Bonsall charged with assault
State Department says Cuba has detained US citizen
Peshawar on front line of Pakistan's militant war
Hundreds line up as Wash. coffee shop reopens
Police: Americans in Pakistan had Taliban contact
Guzzlers gouge rift between Nevada state agencies
Thailand seizes arms on plane from North Korea
Hawaii abuzz about Obama's expected holiday return
Houston voters could elect first openly gay mayor
Philippines lifts martial law in southern province
Official: Kabul deputy mayor arrested in crackdown
NYC woman gets probation for smuggling monkey meat
Expanded Medicare won't provide seamless coverage
Rights complaint planned in Philly school attacks
Lebanon pressing US to deliver military aid
China, Kazakhstan unveil landmark gas pipeline
Japan, US reach 'open skies' deal
Woods may find it difficult to recapture old dominance |
Miss World opens with African drums, legal drama
French rocker in induced coma in Los Angeles
Murder At A Nursing Home, 98-Year-Old Woman Kills 100-Year-Old Roommate
Jewish settler woman stabbed in West Bank
Top British banker admits 'mistakes' on bonuses
Thailand to charge plane crew over N.Korean arms |
US-TECH Summary
Iran opposition seeks leader's removal
Rebel Abkhazia elects president in 'illegitimate' vote
Catalans vote in referendum on independence |
Google to produce, sell own "Nexus One" phones: report
Venezuela arrests ex-securities commission chief |
Search for Air France black boxes to resume in February
Google hints at making mobile telephone
China demotes editor after Obama interview: sources |
Intelligence on Baghdad blasts mishandled
Tiger's website becomes forum for fans, critics
Iran opposition warns of action against reformers |
Billionaire favored in Chile vote but run-off seen |
Amazon projects undercut Brazil's new green path |
Jewish settler woman stabbed in West Bank |
Google to produce, sell own Nexus One phones: report |
Gunmen storm jail, free 31 prisoners in Philippines
Body found on Mount Hood; 2 climbers still missing
Expanded Medicare won't provide seamless coverage
Aussie, Chinese officials urge pandas to reproduce
Correction: Japan-Slain Briton story
Man accused of killing 12 people captured in China
Obama, Medvedev discuss weapons treaty
Philippine kidnappers' animal sacrifice demand
90 vehicles trapped as Calif faces rain, snow, mud
Six injured in fifth Hong Kong acid attack
Vehicles stuck on S. Calif highway after mudslides
Police capture mass-murder suspect in China
Protesters damage Calif. university leader's home
Almost 1,000 arrested at Copenhagen climate rally
Missing Utah mom's family prays for her return
Episcopal bishop seeks prayer in rift over gays
Guerrillas stage Philippine jailbreak: police
Creator of first 50-star American flag dies at 67
Euphoria ends, reality bites Malaysia's opposition
Young Chinese groan at skyrocketing property costs
China cracks EU roadworks market via Poland
Haneke's White Ribbon sweeps European Film Awards |
Twilight studio to distribute Polanski film |
'Uncharted 2' nabs top prize at VGAs
Doh! The Simpsons still young and yellow at 20
Comedians in Chicago for Second City anniversary
Miss World: Gibraltar's Kaiane Aldorino crowned
Haneke's "White Ribbon" sweeps European Film Awards
Protesters condemn Swiss minaret ban
Hindus Protest Fox Channel Show's Remark That Ganges River Is 'Disease'
Supreme leader says Iran's opposition violates law
Catalans vote in symbolic independence referendum
Philippines hostage crisis ends, victims freed |
US, Russia talks on cyberspace security: report
Sudan leaders reach deal on disputed reforms
North Korea, U.S. agree to resume peace talks: report |
Dubai stocks maintain profits after break
'Whack A Banker' game proving a hit in Britain
Burned ayatollah photo sparks new Iranian protests
India test fires ballistic missile off east coast |
Brown vows new push to defeat Taliban
PLO set to extend Abbas term as Palestinian leader |
Sudan leaders "make progress" in reform row talks
Billionaire favored in Chile vote but run-off seen |
New Afghan city official detained over graft
Israel votes new funds for settlements |
Israeli cabinet to vote on new settlement credits
Petraeus sees shift in Al Qaeda's Iraq tactics |
Blair will give Iraq war evidence in public: inquiry
Ethnic tensions simmer in crisis-struck Guinea |
Cause of Air France crash may remain mystery: sources |
Thaksin back in Cambodia as Thai spy to be freed |
Militants attack Philippine jail, 31 inmates freed
The nation's weather
Thaksin provokes Thailand with new Cambodia visit
India test fires ballistic missile off east coast
Obama celebrates the holidays
S.Lankan rebels killed in cold blood: ex-army chief
Ex-Thai PM Thaksin Shinawatra arrives in Cambodia
Senate to vote on $1.1 trillion spending bill
Gunmen free 47 hostages in Philippines
Thailand to charge plane crew over North Korean arms
Philippines hostage crisis ends, victims freed
Hundreds protest over decision on new Indian state
Dubai stocks maintain profits after break
Disney exec: China big enough for 2 theme parks
Bangladesh seeks investment for energy projects
Kate Winslet wins Best European Actress award
Romania's unwanted children given a chance
S.Africa tackles World Cup child trafficking fears
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01