China Wu Yi
| State-owned enterprise | |
| Headquarters | Fuzhou, China |
| Website | Official website |
China Wu Yi Co., Ltd. is a construction and engineering company that carries out international projects as the overseas arm of the Fujian Construction Engineering Group Company.[1] It reported $334 million in international project work in 2012, placing the company among the 250 largest international contractors as ranked by Engineering News-Record.[2]
Projects
A 2013 report noted it had 18 projects in Kenya.[3] The Kenyan operations of the company is one of the six largest Chinese construction companies in Kenya, competing in a highly competitive market with each other and local and European construction companies.[4]
One of the key projects Wu Yi was selected, in September 2006, for is the $37.2 million first phase of the $1.23 billion modernization of the Jomo Kenyatta International Airport, funded by a syndicate of Kenyan banks and the World Bank.[4] The company is a contractor in paving the first phase of a road between the border Kenya-Ethiopia border town of Moyale and Isiolo, a northern Kenyan gateway city in a project worth $63.9 million, funded by the African Development Bank.[5] A Reuters article documenting the project noted there was a pan-African significance to the project as it would lay down tarmac on one of the last unpaved sections of the Cairo – Cape Town Highway.[5]
In another important project, it was one of several Chinese contractors that built the Thika superhighway, a project that involved widening an existing road that had one lane on one side and two lanes on the other to 12 lanes total.[3] The $360 million project financed by the Export-Import Bank of China was finished in 2012 on schedule.[3]
A scholarly article in 2008 on Kenyan and Chinese economic relations, published by the Center for Strategic and International Studies, praised the work of the company in Kenya.[citation needed]
References
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