Native name | 中国海外工程有限责任公司 |
|---|---|
| Formerly | China National Overseas Engineering Corporation |
| Company type | Subsidiary |
| Headquarters | |
Area served | Africa |
| Parent | China Railway Group Limited |
| Website | en |
| China Overseas Engineering Group Co., Ltd. | |||
|---|---|---|---|
| Simplified Chinese | 中国海外工程有限责任公司 | ||
| Traditional Chinese | 中國海外工程有限責任公司 | ||
| |||
China Overseas Engineering Group Co., Ltd. known asCOVEC is a Chinese construction and engineering company that is subsidiary ofChina Railway Group Limited, which is organized as a large collection of engineering and design firms.
The company premiered inSouth Africa in 2006 when it won a 425-million rand public tender held by Trans-Caledon Tunnel Authority, thestate agency responsible for bulk water infrastructure.[1] The selection of COVEC was described by a local trade publication as unsettling to the other short listed bidders, two local construction consortia. One consisted of Group Five Construction, Grinaker-LTA, Rainbow Construction and WBHO Construction; the other was Vaal Civils, made up of Concor, CCC, Kgalagadi Multi Projects, Thuso Water, SET-MAK Civils, Mascrete and Betsy Building.[1] COVEC's bid was 25% below the lowest other bid, and as a consequence local construction companies expressed fears about downward price pressure that would end hopes they had of a strong rebound in the construction market with better profit margins.[1]
InMorocco, COVEC built the 67 km section of theFez-Oujda road extending from Taza to Guercif.[2] The project presented difficulties in terrain and geology for COVEC, requiring the levelling of hills and valleys and provision of porous materials that would provide adequate drainage in a region with water absorbing soil.[2]
InPoland, COVEC,[3] won the bid for construction of a highway linkingWarsaw with city ofBerlin in September 2009, but didn't manage to complete construction and withdrew its operations from Poland, and is now facing the threat of a €200 million compensation claim, which include four month of projected toll losses and 10 percent fine.[4]Highway was planned to be ready for use at the time whenUEFA Euro 2012 in Poland would begin,BÖGL a KRÝSL took construction after COVEC reneged contract and finished it on time.
