4 China National Machinery Imp. & Exp. Corp., a.k.a CMC, founded early in 1950, is a large SOE earliest engaging in foreign trade of machinery & electronic products and overseas construction project. CMC
Our Organization President Vice Presidents Functional Depts. Main Stock Holding & Joint Stock Enterprises Business Depts. Domestic Subsidiaries Overseas Orgs
Business Scope Import and Export International contracting Project investment & financing Bidding and procurement Auto Sales Energy Industry Light Industry Transportation Building Materials Energy equipment Locomotives Rolling stocks Ships Automobiles Aircrafts Completed plants Export of labor service PPP BOOT Equity investment Mercedes-Benz Toyota Specialty automotive Technicians Workers Government Procurement Bidding Business Scope
7 CMC’s Honors On the rank list of America’s ENR, CMC has been listed into the ranks of TOP 225 International Contractors three times in succession since 2004.
8 1 Excellent credit 2 Close ties with governmental departments 3 Strategic cooperative relations with partners 4 Shining Achievements 5 Professional Teams Up to now ， CMC’s aggregated trade volume has amounted to over US$ 85 billion. CMC’s Advantages
10 Railway Achievements During last 10 Years Year Quantity & description CountryYear Quantity & description Country 2001175 units of passenger coaches Pakistan2001175 units of passenger coaches Pakistan 20025 units of diesel locomotivesVietnam20025 units of diesel locomotivesVietnam 200530 A.C. Passenger CarriagesBangladesh200530 A.C. Passenger CarriagesBangladesh 200550 A.C. Passenger Carriages Bangladesh200550 A.C. Passenger Carriages Bangladesh 2006 77 Units of CKD Metro Cars Iran2006 77 Units of CKD Metro Cars Iran 2006100 Passenger Carriages Sri Lanka2006100 Passenger Carriages Sri Lanka 2006 Ankara-Istanbul High Speed Railway Project Turkey2006 Ankara-Istanbul High Speed Railway Project Turkey 2007112 Bogie Container Flat Wagons Thailand2007112 Bogie Container Flat Wagons Thailand Project Achievements
11 Railway Achievements During last 10 Years Year Quantity & description CountryYear Quantity & description Country 2009120 EMU Cars for Rio De Janeiro Brazil2009120 EMU Cars for Rio De Janeiro Brazil 2009202 units of passenger coaches Pakistan2009202 units of passenger coaches Pakistan 2009 30 km Railway Construction Project Sri Lanka2009 30 km Railway Construction Project Sri Lanka 2010 960Km Railway Construction Project Ghana2010 960Km Railway Construction Project Ghana 2011 Supply of 60 Locomotives Turkmenistan2011 Supply of 60 Locomotives Turkmenistan 2011 Supply of 75 Locomotives Turkmenistan2011 Supply of 75 Locomotives Turkmenistan 2012240 EMU Cars for Rio De Janeiro Brazil2012240 EMU Cars for Rio De Janeiro Brazil 2013 40 Electronic Power Vans Pakistan2013 40 Electronic Power Vans Pakistan Project Achievements
13 2.1 Overview Turkey Ankara-Istanbul High Speed Railway Project Contract Signed in Nov. 2006 in Nov. 2006 Construction Started in Sept. 2008. in Sept. 2008.
14 2.1 Overview Length: 154Km Length: 154Km Speed: 250Km/h Speed: 250Km/h Construction Period: 3 Years Construction Period: 3 Years Contract Value: USD 1.27 Billion Contract Value: USD 1.27 Billion Turkey Ankara-Istanbul High Speed Railway Project
The financial solution of total contract value, USD 1.27 billion, is arranged as follows: a.Chinese portion of USD 720 million comprising Preferential Export Buyer‘s Credit and commercial loan from China EXIM Bank b. Turkish Portion of USD 550 million financed by Europe Investment Bank 2.2 Project Financial Solution
16 2.3 Construction Progress Turkey Ankara-Istanbul High Speed Railway Project Bridge The Turkey high-speed railway construction project commenced in September of 2008. Project Office Camp at Site
17 Turkey Ankara-Istanbul High Speed Railway Project Concrete Sleeper Installing 2.3 Construction Progress The subgrade treatment and track laying have already finished. The subgrade treatment and track laying have already finished.
18 Turkey Ankara-Istanbul High Speed Railway Project Finished Track 2.3 Construction Progress The railway systems shall commence soon. The railway systems shall commence soon.
19 3. The Advantage of CMC on Project Contracting on Project Contracting
20 3.1 Lower Costs Taking advantage of notably lower costs of China High- speed Railway, CMC shall fully optimize the project proposal and greatly save costs for the project owner. Taking advantage of notably lower costs of China High- speed Railway, CMC shall fully optimize the project proposal and greatly save costs for the project owner. COSTS
21 3.2 Higher Efficiency Making full use of the mature construction process of China High-speed Railway and the high-efficiency of Chinese consgtruction team to accelerate the construction speed
22 3.3 Assistance on Project Financing Total project financing capability over US$ 20 Billion Relying on the close relationship with Chinese Government, CMC actively assistants the project owner to apply to the preferential export credit funded by Chinese Government Business AreaQuantity of ProjectsSum of Contract Value Transportation159US$ 11.9billion Energy Production75US$ 2.5billion Urban Construction98US$ 1.9billion Environmental protection85US$ 1.5billion Telecommunication54US$ 1.5billion Water conservancy18US$ 0.9billion
23 Financing Cases on Railway Project by CMC 3.3 Assistance on Project Financing 77 Units of CKD Metro Cars for Iran 175 Units of Passenger Coaches for Pakistan 100 Passenger Carriages for Sri Lanka Railway Signaling Modernization Project for Pakistan Cirebon-Kroya Double Track Project for Indonesia 202 units of passenger coaches for Pakistan Ankara-Istanbul High-Speed Railway Project for Turkey 30 Km Railway Construction Project for Sri Lanka 960Km Railway Construction Project for Ghana
Table of Content 4.1 CMC-CRCC Consortium 4.2 Project Financial Solution 4.3 EPC Project 4.4 Supply of High Speed Trainset 4.5 Operation Management 4.6 General Proposal
4.1 CMC-CRCC Consortium CMC and China Railway Construction Corporation (CRCC), shall bind as CMC-CRCC Consortium to undertake the High-speed Railway Project under an EPC contract with the Owner. CMC and China Railway Construction Corporation (CRCC), shall bind as CMC-CRCC Consortium to undertake the High-speed Railway Project under an EPC contract with the Owner. Project Owner of High-speed Railway CMC-CRCC CONSORTIUM CMC Project Financing Supply of High Speed Trainset CRCC Operation & Maintenanc e Engineering Design Civil works World Famous Consulting Corporation
27 4.1 CMC-CRCC Consortium The scope of service of CMC-CRCC Consortium shall include the following parts: The scope of service of CMC-CRCC Consortium shall include the following parts: Services of CMC-CRCC Consortium Services of CMC-CRCC Consortium Project Financial Solution EPC Works Supply of High Speed Train Set Operation Management
28 4.2 Project Financial Solution Chinese banks may provide relevant credit loans for the works section carried out by Chinese contractor in the whole project. However, if necessary, Chinese contractor could subcontract parts of such works financed by Chinese banks to foreign subcontractors. In principle, the credit loans from Chinese banks consist of three types: a. Government Concessional Loan b. Preferential Export Buyer's Credit c. Commercial Loan
29 4.2 Project Financial Solution 1. General Terms: a. Interest Rate: 2~2.5% per year b. Repayment Period: 15~20 years c. Currency: RMB Yuan 2. Application: a. G to G Agreement b. Sovereign Guarantee c. No Export Credit Insurance 3. To be executed by China EXIM Bank Government Concessional Loan Government Concessional Loan
30 4.2 Project Financial Solution 1. General Terms: a. Interest Rate: 2~2.5% per year b. Repayment Period: 15~20 years c. Currency: US Dollar 2. Application: a. G to G Agreement b. Sovereign Guarantee c. No Export Credit Insurance 3. To be executed by China EXIM Bank Preferential Export Buyer's Credit Preferential Export Buyer's Credit
31 4.2 Project Financial Solution 1. General Terms: a. Interest Rate: Libor + 3~4% per year b. Repayment Period: 15~20 years c. Currency: US Dollar 2. Application: a. Guarantee by banks or other finance organization, acceptable to Chinese financing banks c. Export Credit Insurance by SINOSURE 3. To be executed by China EXIM Bank or other Chinese banks Commercial Loan Commercial Loan
32 4.2 Project Financial Solution As for the high speed rail (HSR) network in Scandinavia, we propose: Preferential Export Buyer's Credit + Commercial Loan (if possible) for Chinese portion
33 4.3 EPC Project The High-speed Railway system shall mainly contain the following key technical systems: (1)Survey and Design, Chinese railway design institutes + international consultancy companies (2)Civil Works, Chinese construction company + local subcontractors (3)Traction Power Supply, Communication & Signals Equipment, Chinese integrators + worldwide famous system suppliers (4)Transport Scheduling and Passenger Service System, Chinese contractors + local partners
34 4.4 Supply of High Speed Trainset Supply of high speed trainset: Chinese manufacture + foreign key components suppliers
35 4.5 Operation Management (I) Operating Scheduling Chinese operating scheduling system can meet the scheduling demand of interval of 3 minutes. Chinese system suppliers + local partners (II) Repair & Maintenance (II) Repair & Maintenance Routine inspection and repairing as well as maintenance: Chinese contractor + local partners (III) Training (III) Training High-level modern training center shall be built, covering professional knowledge training, simulation, practical operation, remote training, etc. Chinese contractor + local partners
36 4.6 General Proposal For the high speed rail (HSR) network in Scandinavia, we propose: International Design + Chinese Engineering & Construction plus High Speed Trainset based on Chinese Loan