Singapore’s Surbana Jurong in joint venture with China Highway
Surbana Jurong Private Limited (Surbana Jurong) has formed a joint venture (JV) with China Highway Engineering Consulting Corporation (China Highway) to provide design and consultancy services for highway and municipal projects.
The JV, China Highway-Surbana Jurong Transportation Design and Research Co. Ltd. (China Highway-SJ), is 51% owned by China Highway and 49% owned by Surbana Jurong. It was formally established late last year and its office was officially opened today by Singapore Ambassador to China, Mr Stanley Loh, President of China Communications Construction Company Ltd. (CCCC), Mr Chen Fenjian, Chairman of Surbana Jurong, Mr Liew Mun Leong, and Chairman of China Highway, Dr Shang Guan Su.
China Highway is a state-owned enterprise with over 25 years track record in infrastructure design and construction with successful projects across China and internationally. One of only a few state-level highway full-service providers, China Highway has expertise in various sectors including roads, bridges, tunnels and buildings. China Highway has consistently ranked number one among highway survey and design organisations for the past ten years, and was also the most profitable survey, design and consultancy group in China in 2016. China Highway is owned by CCCC, a state-owned transportation infrastructure group listed in Hong Kong and Shanghai. CCCC is ranked 3rd in the 2016 ENR Top 250 International Contractors, and is also the world’s largest port design and construction company and China’s largest international engineering contractor.
Surbana Jurong is one of the largest Asia-based urban, industrial and infrastructure consulting firms with a 50-year track record and is wholly-owned by Temasek Holdings. Headquartered in Singapore, Surbana Jurong has built more than a million homes in Singapore, crafted master plans for more than 30 countries and developed over 50 industrial parks globally. With the acquisition in recent years of Australia-based SMEC Holdings, an award-winning firm with global track record in infrastructure projects, and Singapore’s leading security solutions provider AETOS Holdings, Surbana Jurong now provides one-stop consultancy solutions across the entire value chain of the urbanisation, industrialisation and infrastructure domains. Surbana Jurong’s projects in various sectors are in all parts of the world, across Asia-Pacific, Africa, Middle East and the Americas.
The partners of China Highway-SJ have complementary strengths, and the JV aims to leverage the experience of China Highway in transportation infrastructure and Surbana Jurong in overseas planning and project management, to pursue highway and infrastructure-related projects globally as well as to undertake projects under the Belt and Road initiative. The JV aims to capture a bigger slice of the infrastructure pie, as global infrastructure spending is expected to grow to US$9 trillion per year by 2025, and close to US$78 trillion in total is expected to be spent between 2014 and 2025*.
The JV currently has over 100 experienced engineers based in its Beijing office which will be gradually expanded.
“Surbana Jurong is pleased to join hands with our esteemed partner China Highway, to seize more opportunities in the global infrastructure market together. This China Highway-SJ JV not only combines our complementary capabilities, it makes us an even bigger player on the world stage jointly. We look forward to the many exciting projects ahead.” Teo Eng Cheong, CEO International (Singapore, Southeast Asia, North Asia), Surbana Jurong.
“This JV is formed between two leading organisations – CCCC’s major design institute and Surbana Jurong, one of the largest Asia-based consultancy firms in urban, industrial and infrastructure development. It is strategic to complement our respective strengths to achieve a win-win partnership. China Highway attaches great importance to the collaboration and believes that this partnership will contribute to the development of local talents, and raise practices to international standards. The JV will open up more markets domestically and internationally for both partners, and will be competing on the global stage as a world-class organisation.” Dr Shang Guan Su, Chairman, China Highway.
Source: Surbana Jurong