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
10-Aug-2010 AECOM is ranked as the No. 1 global design firm by Engineering News-Record (ENR) magazine, a McGraw-Hill publication that released its annual list of the top 150 global design firms in the July 26 issue.
17-Aug-2010 AECOM awarded US$11-million contract for Delta’s John F. Kennedy International Airport redevelopment program.
19-Aug-2010 AECOM has been awarded a US$14.5-million contract to provide district-wide Intelligent Transportation Systems services for the Florida Department of Transportation.
26-Aug-2010 AECOM has been awarded a US$101-million design-build contract by the town of Davie, Florida, United States.
27-Aug-2010 U.S. federal government services firm expands AECOM’s presence in the U.S. intelligence market
01-Sep-2010 The U.S. Agency for International Development (USAID) has awarded AECOM a US$50-million task order under the Support Which Implements Fast Transitions III (SWIFT III) Indefinite Quantity Contract (IQC).
07-Sep-2010 Gary Lawrence named vice president, chief sustainability officer.
14-Sep-2010 AECOM has been awarded an Indefinite Delivery/Indefinite Quantity contract by the U.S. National Aeronautics and Space Administration (NASA) Goddard Space Flight Facilities, worth up to US$15 million.
20-Sep-2010 CFO Michael S. Burke to present in New York
21-Sep-2010 CFO Michael S. Burke to present in San Francisco
23-Sep-2010 An AECOM joint venture with ECM Group Polska has been awarded a US$11.7-million contract for construction management of Poland’s new major Express Road S17.
24-Sep-2010 550-employee engineering firm to expand AECOM energy practice, strengthen global portfolio of services.
28-Sep-2010 Agreement has three-year term, with option to extend an additional two years.
05-Oct-2010 AECOM has won a contract from the U.S. Agency for International Development (USAID) to implement the Southern African Trade Hub program (SATH) that is worth up to US$82 million. 
06-Oct-2010 Cost and project management consultancy firm expands AECOM’s portfolio of construction management services as well as its global footprint.
14-Oct-2010 AECOM announced that it is one of four companies awarded an Indefinite Delivery/Indefinite Quantity Multiple Award Contract by U.S. Naval Facilities Engineering Command Atlantic for planning and engineering services at various Navy and Marine Corps facilities worldwide.
19-Oct-2010 The task order has a four-month transition period, one base year and three one-year options for operations. The contract started on Sept. 13, 2010.
26-Oct-2010 AECOM has been awarded a contract to provide strategic support services for Scottish Water to help support its US$4-billion capital works program during the next five years.  
28-Oct-2010 Company to hold conference call and webcast
01-Nov-2010 Cost and project management consultancy firm expands AECOM’s portfolio of construction management services and its global footprint.
03-Nov-2010 The U.S. Agency for International Development (USAID) awarded AECOM a contract to implement the Colombia Public Policy Program that is worth up to US$22.5 million.
08-Nov-2010 AECOM announced today that a joint venture in which it participates has been awarded a place on a US$532-million, five-year framework contract for Yorkshire Water.
09-Nov-2010 AECOM announced today that it has been awarded additional work on its existing six-year, US$149.3-million agreement to provide program management services to the New Doha Port project in Qatar.
11-Nov-2010 Q4 EPS increased 21% year over year and backlog grew 55% to $14.7 billion.
16-Nov-2010 The China Sustainability Center hasn’t always been the hub for collaboration, research and innovation it is today. In fact, it began life rather humbly, as a committee, then as a studio. As the studio took shape, China’s sustainability awareness dramatically intensified.
16-Nov-2010 AECOM has been awarded a design and construction-services contract by the Water Supplies Department of the Hong Kong Special Administrative Region to reconstruct and upgrade the Sha Tin Water Treatment Works, one of Asia’s largest water treatment facilities.
29-Nov-2010 AECOM has completed its acquisition of RSW Inc., an international engineering firm based in Montreal, Quebec, Canada.
30-Nov-2010 AECOM has been selected for a task order under the U.S. Agency for International Development’s (USAID) Global Architecture Engineering Infrastructure Indefinite Quantity Contract.
16-Dec-2010 AECOM announced that Steve Morriss will join the company as Chief Executive for AECOM in Europe on January 4, 2011.
22-Dec-2010 AECOM announced that Dr. Rob J. Routs, a former executive and board member of Royal Dutch Shell plc, has joined its Board of Directors.
05-Jan-2011 AECOM announced that its wholly owned subsidiary, AECOM Asia Company Limited, has been awarded a US$150-million consultancy contract – which includes detailed design and provision of supervision-in-charge and resident site staff costs – for the superstructures and infrastructure of the Hong Kong-Zhuhai-Macao Bridge’s (HZMB) Hong Kong Boundary Crossing Facilities (HKBCF).
06-Jan-2011 AECOM a utilisé le modèle d’information unique du bâtiment (BIM) pour réaliser la conception, l’analyse et le prototype du Biodôme Heart of Africa, la pièce maîtresse du projet d’extension du Chester Zoo au Royaume-Uni, d’une valeur de 351 millions de dollars américains.
12-Jan-2011 AECOM announced today that a venture in which it participates has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Department of Energy (DOE) for environmental remediation services nationwide.
20-Jan-2011 AECOM will release results for its first quarter of fiscal year 2011, which ended on Dec. 31, 2010, before the opening of trading on the New York Stock Exchange on Tuesday, Feb. 8, 2011.
27-Jan-2011 AECOM announced today that its President and Chief Executive Officer John M. Dionisio and Executive Vice President and Chief Financial Officer Michael S. Burke will present at the Barclays Capital Industrial Select Conference, at the Ritz-Carlton, South Beach, in Miami, Fla., on Wednesday, Feb. 9, at 1:05 p.m. Eastern Time.
‹ Page 2 of 23 ›