China eyeing piece of Poland's 20 bln eur highway project - report

BEIJING (XFN-ASIA) - Nearly 40 private Chinese companies, led by China International Industry and Commerce Co Ltd (CIIC), are vying for contracts to build and refurbish roads and highways worth 20 bln eur in Poland, the China Daily reported, citing Wang Tianyi, CIIC's president.

'CIIC plans to set up a joint venture company with other Chinese private firms to participate in the expressway projects. About 38 companies have expressed interest in joining us,' Wang said.

CIIC, a Beijing-based real estate company, yesterday signed a letter of intent to cooperate with the Polish Ministry of Transport to participate in road upgrades.

Source: By Andrew Pasek, forbes.com