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Chin up, Livorno: China Railway International bets on you

They have been looking to invest in an increasing number of infrastructures and to consider the Europa Platform project a great opportunity: China Railway International group, a subsidiary of China Railway Group limited, one of the Fortune 500 Global Companies and one of the world's Top 250 Global Contractors, was in Livorno this morning to talk about the future…

 

During a business meeting held at the local Port Authority’s Headquarters, China Railway International Group officials have shown to appreciate the new container terminal that will be built in part through project finance loans, in part thank to a public work contract. The 72 ha facility boasts more than 1,000 meters of quay capable of handling vessels with a capacity up to 16,000 teu.

 

As private operators have time till to the 31st of May to respond to the international call for expressions of interest published in the European Official Journal, they confessed they don’t want to sit back and content themselves with watching from the sidelines. This is the reason why they have expressed their interest in participating at the international bid and why they aim to enhance a strategic collaboration with an important Italian Company, CPL group, whose President, Enzo Raugei, was present at the meeting.

 

The President of China Railway International Group, Chen Shiping, who was leading the Chinese delegation in meetings, said that their significant cash generation leave them with a strong balance sheet and flexibility to capitalize on the significant growth opportunities in infrastructure development: “We believe that Livorno could take the lion’s share in the Mediterranean absorbing increasing percentages of the national container volumes and we are interested in investing in infrastructure developments to improve competitiveness”.

 

“Livorno – stated the chairman of local Port Authority, Stefano Corsini - is adding a new terminal to cater for deep draught vessels. Europa Platform’s project will help us enhancing our port as shipping and logistic hub and we fully appreciate that China Raylway International wants to bet on the future of our port. The new Italian national railway network linked directly to our port’s container terminal will maximize the potential of this exciting port expansion project and we welcome every initiative capable of driving a new economic growth in our port”.

 

According to Kenny Song, the chairman of Touchstone Capital Group, which provide a one-stop financial solutions platform between China and International markets in order to promote collaboration between Chinese Industries and equity investment opportunities in all fields around world: the “One Belt One Road initiative will greatly increase marine opportunities in both construction and trade-related businesses”. In the opinion of Song, many investments will tap into globe infrastructural projects: “We focus on providing support opportunities from China’s One Belt One Road strategy, in line with the supposed trade boom resulting from new transport links between Asia and Europe, and we consider the Europe Platform an integral part of this initiative and we could enlist this project into the framework of investments promoted by the Chinese government strategy”.

 

The meeting has been promoted by LM Consult of Livorno and by Willis Towers Watson, one of the largest insurance brokerage firms in the world, who act as arrangers, and by Touchstone Capital Partners, a financial solutions company based in London and in China with great strategic contacts into the world of Chinese State Enterprises.

 

 

 

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