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

 

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20-Oct-2011 Max Nassar, vice president, transportation, has been appointed to the Construction Management Association of America’s (CMAA) board of directors for the Gulf Coast Chapter.
25-Oct-2011 AECOM has released its latest Corporate Social Responsibility Review, detailing the company’s activities to improve quality of life around the world.
27-Oct-2011 AECOM announced the appointment of Winsome Bowen, AICP, as associate vice president and market segment leader for its Transit/Rail and Transportation Planning practices within the company’s transportation business in its U.S. South Region.
01-Nov-2011 AECOM announced today that two of its projects, the State Highway 161 Phase 4 in Dallas and the A1 Dishforth to Leeming Improvement Scheme in Yorkshire, United Kingdom, have been named finalists in Bentley Systems Incorporated’s Be Inspired Awards program in the categories of “Connecting Project Teams” and “Innovation in Geotechnical and Geoenvironmental Engineering,” respectively.
08-Nov-2011 AECOM recently won First Prize in the Urban Design category at the 14th Annual Shenzhen Planning and Design Awards for its contribution to the development of the Shenzhen’s Longgang District.
09-Nov-2011 Dr. Alan Garfinkel-Gold, AECOM senior cultural resources expert, has received the California Governor’s Historic Preservation Award for 2011 for the Kawaiisu Project.
09-Nov-2011 Dr. Alan Garfinkel-Gold, AECOM senior cultural resources expert, has received the California Governor’s Historic Preservation Award for 2011 for the Kawaiisu Project.
10-Nov-2011 AECOM announced today its financial results for the fourth quarter and full fiscal year ended Sept. 30, 2011.
11-Nov-2011 Les mentors du programme ACE d’AECOM, John Daza, ing., et Yuri Estrada, ing., se sont joints à leur équipe de sept étudiants de l’école secondaire de New York pour assister à la Leaders Leadership Conference pour 2011 de Jeter.
11-Nov-2011 AECOM ACE Program mentors, John Daza, P.E. and Yuri Estrada, P.E., joined their team of seven New York City high school students at the 2011 Jeter’s Leaders Leadership Conference this year.
16-Nov-2011 Pacific Gas and Electric (PG&E) has named AECOM its 2011 Supplier Diversity Leader of the Year.
16-Nov-2011 La Pacific Gas and Electric (PG & E) a décerné à AECOM le titre de Leader de l’année en matière de diversité des fournisseurs pour 2011.
16-Nov-2011 AECOM announced today that Russ Reynolds, district safety, health and environment manager for AECOM in Greenville, S.C., was named a Rising Star of Safety by the U.S. National Safety Council (NSC).
17-Nov-2011 AECOM’s Diana Mendes, AICP, senior vice president for strategy development, North America, is continuing her leadership in a key industry association.
17-Nov-2011 AECOM announced today that it is ranked in the top 200 for the fourth-consecutive year on Newsweek magazine’s U.S. Companies Green Rankings list. AECOM is ranked at number 162 on the list.
17-Nov-2011 Diana Mendes d’AECOM, AICP, vice-présidente principale du développement stratégique, Amérique du Nord, continue de jouer un rôle de leadership auprès d’une association professionnelle clé.
17-Nov-2011 AECOM announced that it is ranked in the top 200 for the fourth-consecutive year on Newsweek magazine’s U.S. Companies Green Rankings list. AECOM is ranked at number 162 on the list.
25-Nov-2011 On November 13, several of the AECOM San Diego offices came together on the San Diego Gas & Electric (SDG&E) team to join more than 800 families for the American Lung Association’s Fight for Air Walk 2011.
29-Nov-2011 AECOM announced today that it will be presenting at the Bank of America Merrill Lynch 2011 Industrials Conference in New York at the Crowne Plaza Times Square.
29-Nov-2011 AECOM announced that Russ Reynolds, district safety, health and environment manager for AECOM in Greenville, S.C., was named a Rising Star of Safety by the U.S. National Safety Council (NSC).
01-Dec-2011 AECOM invites investors and other interested parties to listen to a live webcast of its presentation by senior management on Dec. 5, beginning at 5:45 p.m. EST.
01-Dec-2011 AECOM announced today that it has been awarded an emergency recovery services contract from the U.S. Department of Homeland Security, Federal Emergency Management Agency (FEMA).
07-Dec-2011 AECOM announced that it has been awarded an emergency recovery services contract from the U.S. Department of Homeland Security, Federal Emergency Management Agency (FEMA).
12-Dec-2011 AECOM’s Safety, Health & Environment (SH&E) team in the Middle East has helped form a new Middle East chapter of the National Construction Safety Executive (NCSE).
12-Dec-2011 An AECOM-led consortium has been awarded a multi-million-dollar contract for phase 2 of the Australian Government’s landmark A$20-million study to determine the economic benefits and financial viability of a high speed rail network along Australia’s east coast.
13-Dec-2011 AECOM announced today that a joint venture between AECOM, its Tishman Construction arm, and STV, was awarded a US$19-million contract by the Moynihan Station Development Corporation in partnership with the Port Authority of New York and New Jersey (PANYNJ).
14-Dec-2011 AECOM announced its 2011 AECOM Fellows, the inaugural class of the company’s Fellowship Program.
15-Dec-2011 AECOM announced today that it has been awarded a US$10.6-million contract for the second phase of the New Orleans Streetcar Expansion project in the Rampart/St. Claude corridor.
19-Dec-2011 AECOM announced today that a joint venture in which it participates has been awarded a US$24-million contract to upgrade the Woodhouse Mill Wastewater Treatment Works for Yorkshire Water in the United Kingdom.
21-Dec-2011 AECOM announced today that its wholly owned subsidiary, AECOM Asia Company Limited, has been awarded a consultancy contract amounting to an estimated contract value of US$148 million, by the Hong Kong Special Administrative Region’s Highways Department for the design and construction of the Tuen Mun-Chek Lap Kok Link (TM-CLKL) project. The project is part of the Hong Kong-Zhuhai-Macao Bridge (HZMB) related projects in Hong Kong.
22-Dec-2011 AECOM Technology Corporation (NYSE: ACM) and The Shaw Group, Inc. (NYSE: SHAW) announced today that Pacific Contingency Services LLC (PCS), a joint venture between AECOM and Shaw’s Environmental & Infrastructure Group, was awarded an Indefinite Delivery, Indefinite Quantity multiple award Global Contingency Services Contract (GCSC) by the U.S. Naval Facilities Engineering Command (NAVFAC) Pacific.
03-Jan-2012 AECOM is the No. 2 consultant worldwide for tunnelling as reported by Tunnels and Tunnelling International (T&T) magazine.
03-Jan-2012 Selon la liste du magazine Tunnels and Tunnelling International (T & T), AECOM s’est classée au deuxième rang parmi les firmes d’experts-conseils du marché mondial des tunnels.
12-Jan-2012 AECOM will release results for its fiscal year 2012 first quarter, which ended on Dec. 31, 2011, before the opening of trading on the New York Stock Exchange on Thursday, Feb. 2, 2012.
17-Jan-2012 Respecting and preserving cultural resources is extremely important to Alan Garfinkel-Gold, Ph.D. As a senior cultural resources expert for AECOM, he recently received the California Governor’s Historic Preservation Award for 2011 for the Kawaiisu Project.
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