China’s CCCC Bidding on Strategic Paraguay-Parana Waterway Project

On November 18, a Paraguayan official from the Ministry of Public Works confirmed that a subsidiary of China Communication Construction Company (CCCC), Shanghai Dredging Co., is among five companies still under consideration for a bid to expand and manage a 1,238-kilometer (km) section of the 3,300 km Paraguay-Parana waterway, situated in Argentina at the confluence of the Parana and Paraguay rivers and the Rio de la Plata. The waterway is ...

China’s COSCO Urges Peru to Grant Special SEZ Status to Chancay Port

On November 10, reports emerged that Chinese state-owned shipping company COSCO Shipping Ports is lobbying the Commission on Foreign Trade of the Peruvian Congress to classify the country’s Chancay mega port project as a tax-free, Special Economic Zone (SEZ). If SEZ status is granted, the port’s capacity for production and export would increase significantly, elevating its regional significance as a Pacific trade hub. A more robust ...

Ukraine Signs Wind Farm Deal with PowerChina that Would be Largest in Europe

On October 30, state-owned PowerChina Corporation signed a contract with the Ukrainian company, WindFarm, to construct an 800 MW wind farm in Ukraine’s Donetsk region. The project is valued at $1 billion and is expected to become the largest onshore wind farm in Europe once completed.