In Nicaragua, all industries need to be developed, and there is a huge gap in infrastructure construction funds. On January 7, 2022, CCCC South America Regional Company in Managua, the capital of Nicaragua, signed a memorandum of understanding on in-depth cooperation in infrastructure and people's livelihood with the Nicaragua Ministry of Transportation and Infrastructure.

On January 5, 2022, Yu Yong, Chairman and General Manager of China Communications Construction South America Regional Company, met with Laureano Ortega, Advisor to the President of Nicaragua.

The two sides conducted in-depth exchanges on cooperation in infrastructure fields such as ports, highways and airports. Lagnano Ortega warmly welcomed the visit of CCCC and hoped that CCCC would set up a company in Nigeria to participate in infrastructure construction as soon as possible. will fully assist.

On December 9, 2021, Nicaragua announced that it had "severed diplomatic ties" with Taiwan, acknowledging that "there is only one China";

On December 10, 2021, the two countries signed the "Joint Communiqué of the People's Republic of China and the Republic of Nicaragua on Restoring Diplomatic Relations" in Tianjin to restore diplomatic relations at the ambassadorial level.

---Nicaragua and China established diplomatic relations on December 7, 1985;

---November 6, 1990, Nitai "resumed diplomatic relations";

---On November 9 of the same year, the Chinese government announced the suspension of diplomatic relations with Nepal.

Since 2016, several countries have begun to "break diplomatic relations" with Taiwan and recognize the "one China" principle: Sao Tome and Principe in 2016, Panama in 2017, and Dominica, Burkina Faso and El Salvador in 2018.

CCCC South America

CCCC entered the Latin American market in the 1980s and was the first Chinese engineering contracting enterprise to enter the Latin American market.

In order to break the barriers of the Latin American regional market and open up the business situation, CCCC has formulated a three-step development strategy in the southern Latin America region: the first step, internal integration - on May 11, 2016, CCCC South America Regional Company was unveiled established. As the first overseas entity-based regional company of CCCC, the Latin American regional companies of the group's subsidiaries were incorporated into the South American regional companies as shareholders, optimized and integrated the overseas strategic resources of the group, and created a community of interests. Considering Brazil's foreign exchange control and the pressure of real depreciation, CCCC Southern Latin America regional company headquarters SPV is located in Luxembourg. The second step is localization - through mergers and acquisitions, localized development can be achieved from a high starting point. In January 2017, CCCC successfully acquired 80% of the shares of Concremat, which ranked first in Brazil, and changed its name to CCCC-Concremat. Concremat assumed the function of CCCC's localized operation platform in South America and provided CCCC with access to Latin America. qualifications and local business support. The third step, franchising - clarifying the company's franchise investor positioning and accumulating operating assets.

Typical project

Brazil Port of San Luis Project - Private Greenfield Investment Project (BOO+EPC)

Port Louis is the first transportation infrastructure greenfield project invested and constructed by a Chinese-funded enterprise in Brazil, and it is also the first overseas port investment, construction and operation integration project of CCCC. The project is jointly invested, developed and constructed by CCCC South America Regional Company and Torrell, a well-known Brazilian company. The Industrial and Commercial Bank of China provides financing channels. The total investment scale is about 700 million US dollars. China Communications Construction Holdings accounts for 51% and undertakes the design of the project. Procurement and construction general contracting. Brazil's Conkmart, a subsidiary of China Communications Construction Corporation, undertook a lot of design and consulting work in the early stages of the project.

On October 30, 2021, the CCCC Board of Directors reviewed and approved the "Proposal on the Sale of Equity Interests in Brazil's Port Sao Luis Project by CCCC South America Regional Company" - agreeing to transfer 51% of the Brazilian Port Sao Luis Project (referred to as the Porto San Luis Project) held by CCCC South America Regional Company The equity was sold to Brazil Kezan Company at a consideration of 367 million Baht (assumed exchange rate USD: Baht = 1:5.17, approximately US$ 71.03 million, subject to the exchange rate at the time of delivery), and the company no longer holds Porto Santo after the sale equity in the project. Cozan Brazil is a listed company in both Sao Paulo and New York.

Brazil Salvador-Itaparica Bridge Project-PPP

On November 12, 2020, China Communications Construction and China Railway 20th Bureau signed a contract for the Salvador-Itaparica Sea-Crossing Bridge Project in Brazil. The project adopts the PPP mode of franchise bidding, with a franchise period of 35 years (including a 5-year construction period). The bridge connects the city of Salvador in the Brazilian state of Bahia with the tourist resort of Itaparica. The project includes a 12.4-kilometer sea bridge and a 31-kilometer land transportation system, with a total investment of US$2.2 billion. Editor/Sang Xiaomei