SHANGHAI, May 25, 2018 – AECOM, a premier, fully integrated global infrastructure firm, announced today it has signed an agreement with Sunvision Holdings Inc. (Sunvision), a subsidiary of Shanghai-based Fosun, one of China’s largest investment conglomerates, for the establishment of a joint venture company focused on developing Transit Oriented Development (TOD) project opportunities.

In September 2017, Fosun signed China’s first public-private-partnership agreement for a high-speed rail project, the 269 km Hangzhou-Shaoxing-Taizhou line in China’s densely populated eastern region. The line is estimated to cost 44.9 billion RMB and is scheduled for completion in 2021. By 2030, China’s high-speed rail infrastructure is expected to double to 45,000 km, making it the most extensive such network in the world. This massive investment is being complemented by more than 40 additional subway and metro rail systems planned and/or currently under construction (Source: Xinhua News Agency).

“China’s high-speed, long distance and metro rail investment significantly raises the demand for rail-oriented TOD projects. Our joint venture with Sunvision brings together complementary strengths to deliver infrastructure that will both enhance convenience and work well with the natural and built environment. We also look forward to deploying AECOM’s global network and integrated design, build, finance and operate offerings for further international project cooperation with Fosun,” said Sean Chiao, President, Asia Pacific, AECOM.

“The strategic alliance between our subsidiary, Sunvision, and AECOM brings together two strong brands and positive synergy for the future development of this joint venture company. Aligning our diversified and highly complementary resources will facilitate vertical cooperation between upstream and downstream industries. As part of Fosun’s investment strategy of ‘Combining China’s Growth Momentum with Global Resources,’ we are confident this joint venture will deliver efficient, world-class infrastructure to our home customers,” said Xiaodong Wen, Fosun Global Partner and Chairman & CEO of Fosun Infrastructure Group.

AECOM has delivered numerous pioneering TOD projects throughout Asia, including a large number of the new towns and developments in Hong Kong that have provided high-speed mass transit and roadway infrastructure that connects and complements other critical components such as industrial, commercial, residential and public services. Its participation in mega infrastructures around the world has included topside development in the reconstruction of the World Trade Center in New York; the Crossrail (Elizabeth Line) in London; and the West Kowloon Terminus of Express Rail Link in Hong Kong. The company was also selected by the U.S. space exploration technology company (SpaceX) to develop Hyperloop high-speed rail test tracks.

According to the strategic cooperation framework agreement signed by the two parties, the joint venture company will form a special team after the establishment to actively integrate the business resources of both parties in Greater China and kick off collaboration on several project opportunities in the pipeline.

Fosun and AECOM sign joint venture to pursue Transit Oriented Development opportunities across the People’s Republic of China. Standing: Xiaodong Wen, Chairman & CEO of Fosun Infrastructure Group; Zhicheng Cui, Vice President, Fosun Infrastructure Group (4th and 3rd from left), Sean Chiao, President, Asia Pacific, AECOM; Dickson Lo, COO, Asia Pacific, AECOM (4th and 3rd from right). Seated: (Left) John Fang, Cofounder and President of Sunvision Holdings, (Right) Ian Chung, PRC Leader, AECOM

About AECOM
AECOM is built to deliver a better world. We design, build, finance and operate infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, we connect knowledge and experience across our global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18.2 billion during fiscal year 2017. See how we deliver what others can only imagine at aecom.com and @AECOM.

About Fosun
Founded in 1992, Fosun is a family-focused multinational company. Fosun International Limited has been listed on the main board of the Hong Kong Stock Exchange (00656.HK) since 2007. Fosun’s current total assets exceed RMB530 billion. With its roots in China, and through technology and innovation, Fosun’s mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world.

Contact:
David Nugent
+65-8385-7279
david.nugent@aecom.com

 

Filter by:
All releases

Markets

Services

Year

Sort by: Newest | Oldest
29-Mar-2010 AECOM has won a US$12-million design contract from Rio Tinto Coal Australia.
30-Mar-2010 AECOM has won a US$12-million design contract from Rio Tinto Coal Australia.
01-Apr-2010 Actor and longtime conservation activist Edward Norton will run the NY Marathon as part of a team raising awareness and financial support for the Maasai Wilderness Conservation Trust, a Kenya-based conservation organization. Norton and 3 Maasai warriors will be leading 30 people from all walks of life running the ING New York City Marathon on Nov. 1.
08-Apr-2010 AECOM’s ETM joint venture with Morrison Construction has been awarded two framework contracts with a combined value of US$238 million over 5 years from the U.K.’s Yorkshire Water.
09-Apr-2010 AECOM’s Sutong Bridge project in China’s Jiangsu Province was selected as the world’s 2010 Outstanding Civil Engineering Achievement by the American Society of Civil Engineers in its annual Outstanding Projects and Leaders (OPAL) awards program. In the words of the judges, “The Sutong Bridge pushed the technological frontier of long-span bridge construction.”
09-Apr-2010 Dans le cadre de son programme annuel de remise de prix Outstanding Projects and Leaders (OPAL), l’Amercian Society of Civil Engineers a choisi le projet du pont Sutong d’AECOM, dans la province de Jiangsu en Chine, comme la réalisation de génie civil la plus remarquable au monde pour 2010. Selon les termes des juges, le pont Sutong a repoussé la frontière technologique en ce qui concerne la construction de ponts à longue portée.
13-Apr-2010 AECOM has won an indefinite delivery/indefinite quantity (IDIQ) contract, worth up to US$30 million, from the U.S. Naval Facilities Engineering Command (NAVFAC) to provide utilities design and engineering services for projects located at U.S. Marine Corps installations in North Carolina.
14-Apr-2010 AECOM has been awarded a US$26-million contract from the San Francisco Public Utilities Commission to assist in construction management for parts of its Water System Improvement Program.
16-Apr-2010 With the announcement of the 2010 Fortune 500 list on April 15, AECOM’s ranking as a Fortune 500 company advanced 106 places to #352 – the eighth largest jump listed by Fortune.
20-Apr-2010 AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that TEC-AECOM, a joint venture in which it participates with TEC Inc., has won an indefinite delivery/indefinite quantity (IDIQ) contract, worth up to US$40 million, from the U.S. Naval Facilities Engineering Command (NAVFAC) Atlantic.
22-Apr-2010 Company to hold conference call and Webcast
26-Apr-2010 AECOM announced that a joint venture in which it participates has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. General Services Administration (GSA) to provide program- and construction-management services in GSA’s U.S. Mid-Atlantic Region, which has its headquarters in Philadelphia.
27-Apr-2010 AECOM is now ranked as the #1 design firm by Engineering News-Record (ENR) magazine, a McGraw-Hill publication. AECOM also moves up 106 spots to #352 on Fortune 500.
06-May-2010 AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today its financial results for the second quarter of fiscal year 2010, which ended March 31, 2010.
10-May-2010 AECOM has acquired INOCSA Ingenieria, S.L. (INOCSA), a professional technical services firm with headquarters in Madrid, Spain.
11-May-2010 AECOM, in collaboration with African partner businesses, will provide a range of consulting services to the government of Burkina Faso to improve irrigation systems, spark agricultural production and generate economic growth to help offset rural poverty in the region.
13-May-2010 AECOM announced today that it has been awarded a US$21.5-million design and planning contract by the U.S. Army Corps of Engineers’ Honolulu District for the new U.S. Army Pacific Command and Control Facility Complex located at Fort Shafter in Oahu.
18-May-2010 A team composed of AECOM and Berger, Lehman Associates, P.C., has been designated for a contract from the Connecticut Department of Transportation (ConnDOT) to provide construction engineering and inspection services for the Interstate 95 (I-95) New Haven Harbor Crossing (NHHC) Corridor Improvement Program.
26-May-2010 Contract is part of $130-million Route 3 Passaic River Bridge replacement program.
01-Jun-2010 Company to provide design and technical services for FEMA’s Hazard Mitigation Technical Assistance Program
03-Jun-2010 AECOM announced that a joint venture for which it is subcontracted as the lead designer has been awarded a design-build contract for the Circle Drive South project in Saskatoon, Saskatchewan, Canada.
14-Jun-2010 AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a US$10.7-million contract from the Qatar Public Works Authority.
17-Jun-2010 AECOM announced that it is one of eight firms to be awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Army Engineering and Support Center in Huntsville, Alabama, United States.
30-Jun-2010 Public-private partnership project to improve mobility and connectivity in Dallas-Fort Worth area.
06-Jul-2010 Nancy Laben named general counsel; Eric Chen to focus on M&A
07-Jul-2010 Joint venture to design and oversee project to clean tributaries around New York City.
14-Jul-2010 Expands AECOM’s capabilities, presence in US$100-billion global construction management market.
22-Jul-2010 Company to hold conference call and Webcast
26-Jul-2010 The small village of Betws Bledrws in Wales could be home to the rare and elusive hazel dormouse after ecologists from AECOM helped uncover evidence of the creature in the area.
27-Jul-2010 An AECOM team has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract by the U.S. Naval Facilities Engineering Command.
29-Jul-2010 AECOM announced that Resources Sciences Arabia Limited, a joint venture in which it participates with Xenel, has been awarded a program management contract in Saudi Arabia.
03-Aug-2010 LOS ANGELES (Aug. 3, 2010) — AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it was been awarded a five-year, US$53-million contract from the U.S. Agency for International Development (USAID) to provide economic-consulting services to Iraq through the Iraq Financial Sector Development Program. 
04-Aug-2010 U.S. federal government services firm expands AECOM’s presence in the U.S. intelligence market
05-Aug-2010 AECOM reported net income of $65 million for the third quarter, or EPS of 56 cents — an increase of 30% over net income of $50 million and an increase of 24% over diluted EPS of 45 cents for the same period last year.
05-Aug-2010 Cost and project management consultancy firm to expand AECOM’s portfolio of construction management services as well as its global footprint
Page 1 of 23 ›