Jiangmen Urban Construction and Investment Group and Jiangmen Traffic Construction Group were founded
CreateDate:2018.01.02

December 28th, Jiangmen Urban Construction and Investment Group (UCIG) and Jiangmen Traffic Construction Group(TCG) were formally founded. Municipal governor Xu Xiaoxiong and Lin Feiming attend the ceremony.

Jiangmen SASAC respectively signed strategic collaboration agreements with China Railway Group, China Railway 16th Bureau Group and Guangdong Changda Highway Engineering. Then the new-founded UCIG and TCG respectively signed collaboration agreements concerning founding urban construction, traffic equity investment funds, enlarging traffic infrastructure and Municipal facility project investment funds with ICBC Jiangmen Branch, CCB Jiangmen Branch and Guangdong Hengjian Investment Holding.

UCIG is a new-founded investment platform corporation while TCG is reorganized from the previous Jiangmen Construction Group. From now on, UCIG participates and undertakes investment, financing, construction and operation of urban update projects and infrastructure construction including social housing, comprehensive pipeline gallery, Municipal public facilities, roads, agricultural trading market and real estate. TCG participates and undertakes investment, financing, construction and operation of traffic facilities and supporting projects including railway, rail transit, highway, bridge and dock.

Member of Municipal Committee and Vice Mayor Xu Xiaoxiong said that fixed asset investment will be one of the major tasks of Jiangmen next year. Next, Jiangmen SASAC need innovation in mechanism, management and system, making greater contribution for Jiangmen development.

 

 

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