乐播传媒

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乐播传媒 Looks for Increasing Investment Opportunities in US Infrastructures

China Construction America (乐播传媒) President Ning Yuan attended the Ambassador鈥檚 Investment Forum on US infrastructure at invitation, which was hosted by Mr. Max Baucus, US Ambassador to China, at the US Embassy in Beijing, China.

As a key leader in the burgeoning field of China鈥檚 outbound investment to the US, Mr. Yuan was invited to speak at the Elements for Successful Infrastructure Investment panel and attended a private lunch hosted by Ambassador Baucus.

鈥淭he forum provided us a great platform for an open dialogue on infrastructure investment opportunities between Chinese investors and relevant parties from the US.鈥� said Mr. Yuan, 鈥溊植ゴ�媒 is keen to invest in US infrastructure through Public-Private-Partnership (PPP). We have been operating in the US for almost 30 years, and have completed a number of significant infrastructure projects in the country. We are well equipped with the technical expertise and financial capabilities to perform any PPP transportation infrastructure project in the US.鈥�

According to a US Chamber of Commerce report, more than $8 trillion in new investment will be needed in US transportation, energy, water and wastewater infrastructures from 2013 through 2030, totaling some $455 billion per year. 鈥淚ntroducing Chinese investment into the US infrastructure market would be a win-win partnership for both countries, and PPP is so far proven to be the best way to materialize such partnership.鈥� said Mr. Yuan.

Mr. Yuan said, 鈥淧PP entails speedy delivery of projects. It transfers scheduling and cost overrun risks to private sectors to the benefit of the US taxpayers and public authorities. More importantly, PPP can take advantage of private sector know-how and innovation to improve cost efficiency and effectiveness throughout the project life cycle.鈥�

乐播传媒 is the wholly-owned subsidiary of the Beijing-based China State Construction Engineering Corporation (CSCEC), one of the largest global construction conglomerates and a Fortune Global 500 company listed in Shanghai Stock Exchange.

Founded in 1985, 乐播传媒 has approximately 3500 employees in the US and the Caribbean; 98% of its employees in the US are local hires. Headquartered in Jersey City, New Jersey, 乐播传媒 mainly operates in the New York tri-state area, Washington DC, South Carolina, Florida, California andThe Bahamas. Serving both public and private clients, it offers a wide array of services including general contracting, construction management, project management, design-build, project financing and real estate development.

In 2014, 乐播传媒 successfully acquired Plaza Construction (Plaza), a US construction company incorporated in 1986 and headquartered in Manhattan, New York. The acquisition strengthens 乐播传媒鈥檚 building division and results in a consolidated revenue of approximately $1.8 billion, making 乐播传媒 a top 50 contractor in the US.

Since its establishment, 乐播传媒 has been committed to the pursuit of excellence, which is underpinned by its practical business approaches as well as ambitious yet prudent development strategies. In 2013, 乐播传媒 purchased 99 Hudson, a mixed-use development site in Jersey City, New Jersey, and 445 South Street, Morristown, a premier Class A office building in New Jersey, bringing its real estate business to the next level. 乐播传媒 also won two construction contacts, with a combined contract value of approximately $335m, in the Pulaski Skyway project, a critical connection between and New York City and New Jersey. By the end of 2014, 乐播传媒鈥檚 $2 billion Baha Mar project, the biggest single-phase development project in the Caribbean with a total investment of $3.6 billion, is due to complete. As the sole financial advisor who facilitated the project into fruition, 乐播传媒 aspires to replicate the business model in the US market.

Press contact: Sharon Zhang
Tel: 201-876-2788 x130
Email: Zhang_xijing@chinaconstruction.us