|
With China's ongoing reform and the recovery
of local property and construction markets,
the Company achieved progressive growth
in scale. The increasingly scientific management
and operation, surging transactions and
turnover, growing numbers of profit-making
projects and enhanced operational efficiency
marked this period as the growing and developing
stage of the Company.
In 1986, China Construction
Engineering Corporation(Hong Kong Area)
was re-named as China State Construction
Engineering Corporation (Hong Kong Area)
after its parent company's name change.
During the second stage
of development, the Company besides actively
participated in (HKHA) projects, it also
aggressively acquired projects from Architectural
Services Department (ASD). Projects included
government Indoor games hall, hospital extension
and government offices etc.Meanwhile, the
Company achieved remarkable breakthrough
in private building project by successfully
bidding contracts for Tuen Mun Town Plaza,
followed by Hilltop Garden, South Pacific
Hotel, all with satisfactory economic returns.
The civil engineering business
adopted a more diversified approach. The
clients profile expanded to include Civil
Engineering Department (CED) and Water Supplies
Department (WSD). The work scope enlarged
from general works for roads, drainage,
mountain cutting, land reclamation to airport
apron, bridges, rubbish landfill, sewage
treatment and other sophisticated works.
From 1992, the Company was
awarded as "Best Contractor of The
Year" by HKHA for four consecutive
years, becoming the only overseas contractor
to obtain this honour. In these 7 years,
the Company completed a total of 61 building
projects with contract value amounting HK$
7,740 million; 37 civil projects amounting
HK$ 8,800 million; and 19 foundation projects
amounting HK$ 300 million.
|
