UK civil engineering firms could be some of the greatest benefactors from a host of memorandums of understanding and trade deals with China signed late last month.
Trade deals announced
Prime minister David Cameron and Chinese Premier Wen Jiabao announced a number of trade deals on 27 June following a UK-China summit.
Some of the deals included new contracts with UK civil engineering firms.
Consultant Arup signed a Memorandum of Understanding (MoU) on Railway Co-operation with China Railway Engineering Corp (CREC).
This aims to form closer collaboration between the companies in bidding for key international projects in the future particularly in growing markets of the Middle East, Africa, South America and South East Asia.
Partnership is “strategic”
Arup chairman Philip Dilley said the partnership was a strategic one that would help to grow both groups.
“CREC is a very well-known and highly respected company, so we are delighted to be able to work with them even more closely, combining our knowledge and expertise to exploit new business opportunities in fast-growing markets around the world.”
Mott MacDonald also announced that it had won a contract with the Hong Kong Zhuhai Macau Bridge Authority. However, a spokesman for Mott MacDonald was unable to confirm what the contract was for as NCE went to press.
In addition, a number of significant government-to-government agreements were signed.
These aim to improve the business environment for both UK and Chinese companies including an MoU between UK Trade and Investment and the Ministry of Commerce of the People’s Republic of China on cooperation in Trade in Services.