China Railway Engineering Corporation

China Railway Engineering Corporation (CRECG) (中国铁路工程总公司)

The China Railway Engineering Corporation (CRECG) is a state-owned holding company of China, which is under the supervision of the State Council. The company is the major shareholder of China Railway Group Limited (CREC), its subsidiary.

China Railway Engineering Corporation History

The history of the company could be traced back to 1950 which two bureaus of the Ministry of Railways were formed (Chinese: 工程总局: lit. 'construction bureau' and Chinese: 设计总局: lit. 'design bureau'). In 1958, the design bureau and the construction bureau were merged to form the General Bureau of Capital Construction of the Ministry of Railways (Chinese: 铁道部基本建设总局). From 1950 to 1990, the General Bureau was a government agency for many railway construction as well as highway bridge. A subsidiary of the General Bureau, The Major Bridge Engineering Bureau, now China Railway Major Bridge Engineering Group was said to construct over 1,000 bridges from 1953 to 2009.

In 1989, the Ministry of Railways decided to form China Railway Engineering Corporation (Chinese: 中国铁路工程总公司: CRECG) as well as fellow competitor China Railway Construction Corporation (CRCCG) as subsidiaries. CRECG was formally registered on 7 March 1990. In 2000, they were transferred from the ministry to "Central Large Enterprise Work Commission" of the Chinese Communist Party. In 2003, they were under supervision of State-owned Assets Supervision and Administration Commission (SASAC), a commission of the State Council. Since then, they became competitors despite both being state-owned.

Numbers of former subsidiary of CRECG were now belongs to CRCCG, such as China Railway First Survey and Design Institute Group.

In 2007, a limited company was incorporated (China Railway Group Limited), CRECG transferred most of their assets to the subsidiary. In 2008, the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange.

China Railway Engineering Corporation Projects

Cambodia Cambodia CRECG with Ministry of Public Works and Transport planned the Siem Reap - Phnom Penh - Doun Kaev - Kampot High Speed Railway.
Jordan Jordan China Railway Engineering Corporation with Ministry of Transport of Jordan planned the Amman Metro.

China Railway Engineering Corporation Overview

China Railway Engineering Corporation Native Name: 中国铁路工程总公司
China Railway Engineering Corporation Formerly: General Bureau of Capital Construction of the Ministry of Railways
China Railway Engineering Corporation Company Type: State-owned enterprise
China Railway Engineering Corporation Industry: Holding company
China Railway Engineering Corporation Founded:
1958
1990 (company)
China Railway Engineering Corporation Headquarters: Beijing, China
China Railway Engineering Corporation Area Served: Worldwide (via subsidiaries)
China Railway Engineering Corporation Key People: Li Changjin (Chairman)
China Railway Engineering Corporation Revenue: 741,722,810,000 renminbi (2018)
China Railway Engineering Corporation Owner: State Council of China (100%)
China Railway Engineering Corporation Parent: SASAC
China Railway Engineering Corporation Subsidiaries: China Railway Group Limited (54%)
China Railway Engineering Corporation Simplified Chinese: 中国铁路工程总公司
China Railway Engineering Corporation Traditional Chinese: 中國鐵路工程總公司