Is Luqiao Company a state-owned enterprise or a private enterprise?

Road and Bridge Company is a state-owned enterprise. Road and Bridge Company is China Road and Bridge Engineering Co., Ltd. It is a large state-owned enterprise approved by the State-owned Assets Supervision and Administration Commission of the State Council and inherits the business of China Road and Bridge Group. It is mainly engaged in project contracting, construction, design, supervision, consulting and international trade. It is registered The capital is RMB 1.1 billion and total assets reach RMB 4 billion.

Historical evolution

The company’s history can be traced back to the Foreign Aid Office of the Ministry of Transport of China. Since 1958, it has participated in international projects and undertaken the construction of foreign aid projects of the Chinese government. In 1979, the company was formally established and entered the international engineering contracting market. In 2005, it became a wholly-owned subsidiary of the reorganized China Communications Construction Co., Ltd., and has undertaken a large number of landmark engineering projects with international influence and won a number of domestic and international awards.

Business Scope and Achievements

Luqiao Company has established branches in more than 50 countries and regions in Asia, Africa, Europe and America, forming an extensive business network. As a well-known brand in the international engineering contracting industry, the company has seized the opportunity to contract Kenya Mombasa-Nairobi Railway, Pakistan Karakoram Highway, Senegal's Jes-Tuba Expressway, Cambodia's Golden Port Expressway, and Serbia's Zemun-Bor in a variety of ways. Famous projects include the Cha Bridge, the Pelje?ac Bridge in Croatia, and the Maputo Bridge in Mozambique.

Social Responsibility

China Road and Bridge Engineering Co., Ltd. Congo Cement Plant (SONOCC) is the largest enterprise in the Rutete region of Congo (Brazil) and has always insisted on expanding the market, creating benefits and building harmony. The company's business philosophy is to do practical things and good deeds for local people and actively repay the society. Build water supply pipelines for local residents, build public wells, repair public infrastructure, repair school buildings, show movies and make social donations, etc. In December 2006, it donated medicines and medical equipment to Rootet Central Hospital. In April 2007, it was agreed that SONOCC would fund the reconstruction of the water supply pipeline of Rootet Hospital to solve the problem of no water available in the hospital. In May 2007, school supplies were donated to the students of Rutete Central Primary School and a series of student aid plans were reached. While expanding the market, SONOCC Cement Plant also enhances communication with local residents, promotes the coordinated development of enterprises and society, establishes a good image of Chinese-funded enterprises, and contributes to enhancing the friendship between the people of China and Congo.

Future Development

In order to maintain its leading position in the industry, China Road and Bridge will continue to increase investment in technological innovation and research and development. By introducing new technologies, new equipment and new materials, we can improve construction efficiency and quality and reduce costs, thereby enhancing the company's market competitiveness. At the same time, the company will actively promote the application of green and environmentally friendly technologies, strive to create a sustainable corporate image, and respond to global environmental protection trends. China Road and Bridge must further improve its management system, improve work efficiency and execution capabilities, and achieve rational allocation and utilization of resources. By formulating a scientific and reasonable management system and establishing an efficient operation management system, we can improve the company's overall operational efficiency.