China: Agreement Signed on Equity Restructuring of Phoenix Island

On April 10, China Communications Construction Company (CCCC) concluded a cooperative agreement on equity restructuring of Phoenix Island project with Sanya Phoenix Island Investment Group Co. Ltd. and Sanya Yusheng Investment Co. Ltd.

Li Maohui, president assistant of CCCC, Zeng Xianyun, chairman of Sanya Phoenix Island Investment Group Co. Ltd. and Wang Yumei, chairman of Sanya Yusheng Investment Co. Ltd. signed this agreement on behalf of respective parties.

The success of the equity restructuring marks a milestone in construction and development of Phoenix Island.

Located in the heart of “Sunshine Coast”, a resort in Sanya Bay, Phoenix Island project is an artificial island formed through reclamation in reefs. Phase 2 involves a 100,000t cruise berth, two 150,000t cruise berths and a 225,000t cruise berth on the basis of an 80,000t berth which has gone into operation.

Following the equity restructuring, CCCC will participate in the follow-up development of Phase 1 of Phoenix Island as well as the reclamation, development and operation of Phase 2.

Press Release, April 29, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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