UI

1. PPP Business of CCCC
Originated from GuiZhou Spread Across the World
Yao, Lei
Vice-GM of Investment BD of CCCC
Vice-GM of Real Estate BD of CCCC
September 2018

2. II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou
Contents

3.  About CCCC
Selected Renown Members:
•China Harbour Engineering Company
Limited
•China Road & Bridge Corporation
•China National Real Estate
Development Group Corporation
•Greentown China Holdings Limited
Key Figures:
More than 60 subsidiaries
120,000 employees
Hong Kong Stock Exchange: 1800.HK
Shanghai Stock Exchange:
601800.SS
I. CCCC Overview

4. ZPMC
CCCC Tianjing
CCCC Tianhe
 Fortune 500: Ranked No.91ST
 ENR: Ranked No.1 in Asia and No.3 in the World
 Largest Harbour Design and Construction
Company in the World
 Largest Company in Road and Bridge
Construction and Design in the World
 Largest Dredging Company in the World
 Largest Container Crane Manufacturer in the
World
 Largest Offshore Petroleum Drilling Platform
Design Company in the World
 Largest Highway Investment Company in China
 Introduction
I. CCCC Overview

5. Jamaica
N-S Expy
Columbia
M2 Hwy
Colombo Port
City in Sri Lanka
M&A John Holland
in Australia
 Business in 135 Countries and Regions
 193 Branches in 130 Countries and Regions
 Nearly 10 Billion USD investment in 38 Countries (PPP in 12 Countries)
I. CCCC Overview
 Highlights Overseas

6.  Colombo Port City in Sri Lanka
 Investment: 1.396 Billion USD
 Employment Opportunities: 83K
Positions
 Jamaica N-S Expressway
 65 KM, 4-Lane, Design Speed
80km/h
 Investment:726 Million USD
 BOT, Concession Period: 50Y
 Key Projects
I. CCCC Overview

7.  Key Projects
I. CCCC Overview
 Columbia M2 Hwy
 136 KM, 4-Lane, Design Speed
80km/h
 Investment:660 Million USD
 PPP, Concession Period: 25Y
 Phnom Penh - Sihanoukville
Expressway in Cambodia
 190 KM, 4-Lane, Design Speed
100km/h
 Investment:2 Billion USD
 BOT, Concession Period: 54Y

8. Contents
II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou

9.  Principles of Investment
Share the responsibility of
government in economic and social
development
Participate in regional economic
development in an in-depth way
Provide high quality public services
for government procurement
 Government: duty on efficient and
high quality public services
 CCCC: provide high efficient, high
quality services and obtain
reasonable return
 Public: largest beneficiary, and
access to high quality service
Guiyang-Weng’an Expressway
Spring Town of Greentown
II. PPP Development of CCCC

10.  Start from 1992
 Capital Airport EXPY BOT Project
 Present：
• Nearly 300 Projects
• Over 1 Trillion RMB
 Fields
• Road, Bridge & Tunnel
• Harbor & Port
• Reclamation
• Municipal Engineering
• Utility Tunnel
• Airport
• Mass Transit
• Urban Complex
• Railway
• Water Conservancy
• Environment
• Low Impact Development
• Health
• Travel
• Renewable Energy
 Investment Business of CCCC
II. PPP Development of CCCC

11.  Top 3 Architecture Enterprise in PPP
 No.1 in PPP Transportation Infrastructure
 Unique Pilot State-Owned Capital Investment Company in Architecture
 Achievement
II. PPP Development of CCCC
13
45
87
40
0
20
40
60
80
100
0
1000
2000
3000
4000
5000
PPP Projects
Investment
Quantity
2015 2016 2017 2018 Jan.-Jun.
¥ 50 B. ¥ 250 B. ¥ 440 B. ¥ 130 B.

12. Other
Partners
 Financing
II. PPP Development of CCCC

13. Contents
Contents
II. PPP Development of CCCC
I. CCCC Overview
III. PPP Model of CCCC in GuiZhou

14. • BOT + EPC + Government
subsidy during construction period
• Equity cooperation + EPC +
subsidy for operating period
• PPP + EPC + reasonable fee
income/traffic volume
• PPP + EPC + reasonable rate of
return on capital
• PPP + EPC + reasonable rate of return on
capital + reasonable fee income
• … …
Guiyang-
Duyun
GuiZhou
Mode
Chongqing
mode
 In 2006, GuiZhou and CCCC start the first BOT + EPC expressway in
China: Guizhou-Duyun Expressway
 At the end of 2017, CCCC invested more than 160 billion RMB in GuiZhou
 Over 100 kinds of trial paths on PPP model
Yunnan
Mode
Phnom Penh
Expressway in
Cambodia
SOE PPP
Model
Jamaica
Mode
 Development and innovation of PPP model by CCCC
III. PPP Model of CCCC in GuiZhou

15. Project：JiangKou-
Weng’An EXPY
Investment：¥ 16.0 b.
Length：144 KM
Project：YanHe-
DeJiang EXPY
Investment： ¥ 10.7b.
Length：104KM
Project：GuiYang-QianXi
EXPY
Investment：¥ 9.0 b.
Length：78 KM
Project：DaoZhen-
Weng’An EXPY
Investment：¥ 26.2 b.
Length：254 KM
Project：GuiYang-
DuYun EXPY
Investment：¥ 7.5 b.
Length：81 KM
CCCC Operational Expressway in GuiZhou
Project：GuiYang-
Weng’An EXPY
Investment：¥ 0.9 b.
Length：71 KM
¥78.1 B. Operational Asset of CCCC in GuiZhou till 2017
III. PPP Model of CCCC in GuiZhou

16. Longli Interchange of Guiyang -
Duyun Expressway
Qingshui River Rridge of Guiyang –
Weng’an Expressway
Wujiang Grand Bridge of Daozhen
– Weng’an Expressway
Yachihe Bridge of Guiyang - Qianxi
Expressway
 Typical Projects
III. PPP Model of CCCC in GuiZhou

17.  Key to success
• Full trust relationship between CCCC and GuiZhou
• Enterprise: Advantages of capital, technology and management
• Government: Resources match and subsidy
• Enterprises and Government: Win-Win
 First "county-county connection expressway“ Province in West China
 5100 Km Expressway in Guizhou in 2015, Which is 7.5 times in 2006
Save money Quick effect High quality
III. PPP Model of CCCC in GuiZhou

18. Road Network of GuiZhou Province
One-hour
economic
circle
Guiyang-Weng'an
Expressway
 Guiyang-Weng'an
Expressway is part of the
national expressway
network
 71km, 4 Lanes
 Investment: 8.6B RMB
 Open Traffic: Dec.18 2015
 Typical PPP Project
III. PPP Model of CCCC in GuiZhou

19. 2012.09 2012.10 2015.12
2014.04
2013.08
2012.10
Bid
Open
Traffic
SPV Register
Operation
Approval
Construction
Started
Land
Approval
2016.01
Contract
Construction
Drawings
Approval
2014.08
4 years from investor verification to complete construction
1 year ahead of schedule
Save 860 million RMB on construction cost
Project Milestones
III. PPP Model of CCCC in GuiZhou

20.  All construction costs will be paid by users rather than the government
 30-year concession period and approved toll rate by agreement
Profit Pattern
III. PPP Model of CCCC in GuiZhou

21. 2017 2018 E 2019 E 2020 E 2021 E 2022 E
Expenditure
Unit: ￥1 M
700
600
500
400
300
200
100
0
Income & Expenditure
III. PPP Model of CCCC in GuiZhou
Income
2016

22. Whole
Industry
Chain
Design
Constructi
on
Test
Manufactu
re
Success Factors
III. PPP Model of CCCC in GuiZhou
 Implement Whole-Life Cycle Concept

23. • No major pavement rehabilitation
within 10 years
III. PPP Model of CCCC in GuiZhou
• Public service combined with
asset maintenance
Success Factors
 High Quality Project

24. State Media Report
III. PPP Model of CCCC in GuiZhou
Success Factors
 Cooperation between Government and Enterprise to Fulfill Win-Win Strategy
Weng’an Expressway: Landmark Project of “County-
County Connection Expressway” in GuiZhou

25. Reasonable resource arrangement to play a
role on improving effect and efficiency
Enterprise:
As think tank
using own
advantage and
ability
Government：
Contract
Credit
Cooperation
Core
III. PPP Model of CCCC in GuiZhou
Experience Sharing
 Focus on One Core

26. Second: Evaluation on Operational Capability
First: Payment Capability of Government
Gov.
Users
Third
Mode
Base Conditions
III. PPP Model of CCCC in GuiZhou
Experience Sharing
 Hold Two Basis

27. Benefit Balance among Government, Enterprise and Financial institution
PPP
Gov.
Financial
institution
Enterprise
Capital Support
Policy and Resource
High Quality Public Service
III. PPP Model of CCCC in GuiZhou
Experience Sharing
 Keep Three-Side Balance

28. We build a connected world,
livable city and better lives.