Posted on 11/23/2009 6:34:43 PM PST by Mr. Jeeves
China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million in New Yorks Manhattan area, marking the construction giants third order in the United States infrastructure space this year.
The contract was given to China Construction American Co, a subsidiary, the Wall Street Journal quoted a source as saying.
The new project, along with the $410-million Hamilton Bridge project and a $1.7-billion entertainment project it won earlier this year, signals China State Constructions ambition to tap the American construction market, said Li Zhirui, an industry analyst at First Capital Securities.
Li, however, said the order came as no surprise as the US government is spending massively on infrastructure projects.
The three orders only account for about 4 percent of the value of its total orders this year, Li added.
In the first three quarters of this year, the Chinese construction giant signed more than $2 billion worth of contracts in the US market. China State Construction was also the contractor for a high school, a railway station and the Chinese embassy in the US.
(Excerpt) Read more at asialynx.com ...
Doesn’t mention whose labor they’re going to use. I’d think the unions would be all bent out of shape about this.
Verrrrry interesting.
The Chinese have learned how to put together winning proposals one way or another.
I’ve seen some of their work in Africa. Not too shabby.
Oh, it’ll be union, all right.
At the highest pay.
By the by, I understand some 250,000 tons of Chinese drywall installed in American homes is now sickening the homeowners and corroding metal in those homes constructed with it: Chinese Drywall Linked to Corrosion
Sounds like some kind of pay off to me.
But it’s getting better.
Reary!
OK...the jobs are those “shovel-ready” Nobama tauted. Perhaps unfortunately they are chinese shovels. Have a great Thanksgiving.
Are we tapping the Chinese construction market?
I'd be willing to bet dollars to donuts that the Chinese have some sort of demolition charges to be placed at strategic points in the subway, so that when (not if) they decide to attack US strategic interests (Taiwan, Hawaii, or Japan/Australia) they can detonate those charges and distract and/or cripple us.
People forget how batsh*t insane the Russkies were.
The Chinese are Communists, too.
NO cheers, unfortunately.
They get the shovel-ready jobs, as they have the requisite unskilled labor force.
And there's historical precedent -- recall the Transcontinental Railroad?
Sorry, Mexico. Your illegal aliens will have to wait...
Cheers!
You have been watching too many action movies, get a grip, you sound foolish.
Great. Chinese construction.
Remember the construction is in *our* country, not theirs.
Cheers!
Then the article is thin on details, since it doesn't say anything about the bidding process. It sure doesn't make sense to me that we are giving these jobs to a foreign company, when so many people are out of work. What if they weren't financing so much of our debt?
More TARP money going to China.
They did a lot of work on the transcontinental railroad too. It will be all right.
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