Engineering News Record (ENR), an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide, has ranked China Communications Constructions Company (CCCC) as number three out of the top 250 global contractors in its 2017 survey.
CCCC, the company constructing the Kampala-Entebbe Expressway maintained its number one position among the top 65 Chinese contractors in the same survey.
“We are honoured to be named the best Chinese contractor in the world and one of the best in the world, for the 11th time running. This milestone goes to demonstrate that CCCC’s construction work meets global standards. Uganda is a direct beneficiary of our expertise in the area of mega infrastructure development,” commentedJoseph Zheng Biao, the Acting Country Manager CCCC Uganda, in an interview on Friday.
The company is undertaking the Expansion of the Entebbe International Airport, Constructing the Mubende-Kakumiro-Kagadi, Soroti – Moroto Road among other projects in Uganda. “We are committed to delivering world-class infrastructure projects to benefit the people of this country, in line with our mission of building a connected world,” Biao added.Among the top three, CCCC closely followed Spanishconstruction firm ACS, Actividades De Construccion Y Servicios and Germany’s HochtiefAktiengesellschaft, respectively.
According to ENS, the market for international contractors has been constrained over the past four years, due to a drop in commodity metals prices, and collapse in oil prices. International contractors also have had to contend with national political and financial upheavals.
The magazine points out that the uncertainties in the international construction market can be seen in the results of the ENR Top 250 International Contractors survey. The Top 250 International Contractors reported $468.12 billion in contracting revenue in 2016 from projects outside their home countries, down 6.4%, from $501.14 billion, in 2015. This is the third straight year showing a drop in Top 250 revenue. As a group, firms also reported $927.94 billion in revenue from domestic projects in 2016, up 3.4%, from $897.33 billion, in 2015.
Engineering News-Record is a magazine that provides the engineering and construction sector with news, analysis, commentary and data that the industry professionals need to do their jobs more effectively. The first issue of Engineering News-Record was published on April 5, 1917. On January 1st, 1987 the acronym ENR was adopted as the title of the magazine.