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Table of Content

Table of Content. Introduction of CMC CMC’s Turkey High-speed Railway Project Advantage of CMC on Project Contracting Preliminary Proposal. 1. Introduction of CMC. CMC.

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Table of Content

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  1. Table of Content • Introduction of CMC • CMC’s Turkey High-speed Railway Project • Advantage of CMC on Project Contracting • Preliminary Proposal

  2. 1. Introduction of CMC

  3. CMC China National Machinery Imp. & Exp. Corp., a.k.a CMC, founded early in 1950, is a large SOE earliest engaging in foreign trade of machinery & electronic products and overseas construction project.

  4. Our Organization President Vice Presidents Functional Depts. Business Depts. DomesticSubsidiaries Overseas Orgs Main Stock Holding & Joint Stock Enterprises

  5. Business Scope International contracting Project investment & financing • Energy Industry • Light Industry • Transportation • Building Materials • PPP • BOOT • Equity investment Business Scope Bidding and procurement Import and Export • Energy equipment • Locomotives • Rolling stocks • Ships • Automobiles • Aircrafts • Completed plants • Government Procurement • Bidding Auto Sales • Mercedes-Benz • Toyota • Specialty automotive Export of labor service • Technicians • Workers

  6. CMC’s Honors On the rank list of America’s ENR, CMC has been listed into the ranks of TOP 225 International Contractors three times in succession since 2004.

  7. CMC’s Advantages • Excellent credit 1 • Close ties with governmental departments 2 • Strategic cooperative relations with partners 3 Shining Achievements 4 Professional Teams 5 Up to now，CMC’s aggregated trade volume has amounted to over US$ 85 billion.

  8. CMC’s Achievements Imp. & Exp. Covered Industries Mode Turnover Urban Construction, Energy, Aviation, Agriculture & Forestry, Telecommuni-cation, Vessel, Traffic, Industry, Envi-ronmental Protection, Water Conser-vancy, Vehicle, etc. Import US$ 70 billion Marine Vessels, Complete Plants & Sets of Processing Lines, Locomotives & Rail Cars, etc. Export US$ 15 billion

  9. Project Achievements Railway Achievements During last 10 Years • Year Quantity & description Country • 2001 175 units of passenger coaches Pakistan • 2002 5 units of diesel locomotives Vietnam • 2005 30 A.C. Passenger Carriages Bangladesh • 2005 50 A.C. Passenger Carriages Bangladesh • 2006 77 Units of CKD Metro Cars Iran • 2006 100 Passenger Carriages Sri Lanka • 2006 Ankara-Istanbul High Speed Railway Project Turkey • 2007 112 Bogie Container Flat Wagons Thailand

  10. Project Achievements Railway Achievements During last 10 Years • Year Quantity & description Country • 2009 120 EMU Cars for Rio De Janeiro Brazil • 2009 202 units of passenger coaches Pakistan • 2009 30 km Railway Construction Project Sri Lanka • 2010 960Km Railway Construction Project Ghana • 2011 Supply of 60 Locomotives Turkmenistan • 2011 Supply of 75 Locomotives Turkmenistan • 2012 240 EMU Cars for Rio De Janeiro Brazil • 2013 40 Electronic Power Vans Pakistan

  11. 2. Introduction of CMC’s Turkey High-speed Railway Project

  12. 2.1 Overview Turkey Ankara-Istanbul High Speed Railway Project Contract Signed in Nov. 2006 Construction Started in Sept. 2008.

  13. 2.1 Overview Turkey Ankara-Istanbul High Speed Railway Project Length: 154Km Speed: 250Km/h Construction Period: 3 Years Contract Value: USD 1.27 Billion

  14. 2.2 Project Financial Solution The financial solution of total contract value, USD 1.27 billion, is arranged as follows: • Chinese portion of USD 720 million comprising Preferential Export Buyer‘s Credit and commercial loanfrom China EXIM Bank b. Turkish Portion of USD 550 million financed by Europe Investment Bank

  15. 2.3 Construction Progress Turkey Ankara-Istanbul High Speed Railway Project The Turkey high-speed railway construction project commenced in September of 2008. Bridge Project Office Camp at Site

  16. 2.3 Construction Progress Turkey Ankara-Istanbul High Speed Railway Project The subgrade treatment and track laying have already finished. Concrete Sleeper Installing

  17. 2.3 Construction Progress Turkey Ankara-Istanbul High Speed Railway Project The railway systems shall commence soon. Finished Track

  18. 3. The Advantage of CMC on Project Contracting

  19. COSTS COSTS COSTS 3.1 Lower Costs Taking advantage of notably lower costs of China High-speed Railway, CMC shall fully optimize the project proposal and greatly save costs for the project owner.

  20. 3.2 Higher Efficiency Making full use of the mature construction process of China High-speed Railway and the high-efficiency of Chinese consgtruction team to accelerate the construction speed

  21. 3.3 Assistance on Project Financing Relying on the close relationship with Chinese Government, CMC actively assistants the project owner to apply to the preferential export credit funded by Chinese Government • Total project financing capability over US$ 20 Billion

  22. 3.3 Assistance on Project Financing Financing Cases on Railway Project by CMC • 77 Units of CKD Metro Cars for Iran • 175 Units of Passenger Coaches for Pakistan • 100 Passenger Carriages for Sri Lanka • Railway Signaling Modernization Project for Pakistan • Cirebon-Kroya Double Track Project for Indonesia • 202 units of passenger coaches for Pakistan • Ankara-Istanbul High-Speed Railway Project for Turkey • 30 Km Railway Construction Project for Sri Lanka • 960Km Railway Construction Project for Ghana

  23. 4. Preliminary Proposal

  24. Table of Content 4.1 CMC-CRCC Consortium 4.2 Project Financial Solution 4.3 EPC Project 4.4 Supply of High Speed Trainset 4.5 Operation Management 4.6 General Proposal

  25. 4.1 CMC-CRCC Consortium CMC and China Railway Construction Corporation (CRCC), shall bind as CMC-CRCC Consortium to undertake the High-speed Railway Project under an EPC contract with the Owner. World Famous Consulting Corporation

  26. 4.1 CMC-CRCC Consortium Services of CMC-CRCC Consortium The scope of service of CMC-CRCC Consortium shall include the following parts: • Project Financial Solution • EPC Works • Supply of High Speed Train Set • Operation Management

  27. 4.2 Project Financial Solution • Chinese banks may provide relevant credit loans for the works section carried out by Chinese contractor in the whole project. However, if necessary, Chinese contractor could subcontract parts of such works financed by Chinese banks to foreign subcontractors. • In principle, the credit loans from Chinese banks consist of three types: • a. Government Concessional Loan • b. Preferential Export Buyer's Credit • c. Commercial Loan

  28. 4.2 Project Financial Solution Government Concessional Loan • 1. General Terms: • a. Interest Rate: 2~2.5% per year • b. Repayment Period: 15~20 years • c. Currency: RMB Yuan • 2. Application: • a. G to G Agreement • b. Sovereign Guarantee • c. No Export Credit Insurance • 3. To be executed by China EXIM Bank

  29. 4.2 Project Financial Solution Preferential Export Buyer's Credit • 1. General Terms: • a. Interest Rate: 2~2.5% per year • b. Repayment Period: 15~20 years • c. Currency: US Dollar • 2. Application: • a. G to G Agreement • b. Sovereign Guarantee • c. No Export Credit Insurance • 3. To be executed by China EXIM Bank

  30. 4.2 Project Financial Solution Commercial Loan • 1. General Terms: • a. Interest Rate: Libor + 3~4% per year • b. Repayment Period: 15~20 years • c. Currency: US Dollar • 2. Application: • a. Guarantee by banks or other finance organization, acceptable to Chinese financing banks • c. Export Credit Insurance by SINOSURE • 3. To be executed by China EXIM Bank or other Chinese banks

  31. 4.2 Project Financial Solution • As for the high speed rail (HSR) network in Scandinavia, we propose: • Preferential Export Buyer's Credit + Commercial Loan • (if possible) • for Chinese portion

  32. 4.3 EPC Project The High-speed Railway system shall mainly contain the following key technical systems: Survey and Design, Chinese railway design institutes + international consultancy companies Civil Works, Chinese construction company + local subcontractors Traction Power Supply, Communication & Signals Equipment, Chinese integrators + worldwide famous system suppliers Transport Scheduling and Passenger Service System, Chinese contractors + local partners

  33. 4.4 Supply of High Speed Trainset Supply of high speed trainset: Chinese manufacture + foreign key components suppliers

  34. 4.5 Operation Management (I) Operating Scheduling Chinese operating scheduling system can meet the scheduling demand of interval of 3 minutes. Chinese system suppliers + local partners (II) Repair & Maintenance Routine inspection and repairing as well as maintenance: Chinese contractor + local partners (III) Training High-level modern training center shall be built, covering professional knowledge training, simulation, practical operation, remote training, etc. Chinese contractor + local partners

  35. 4.6 General Proposal For the high speed rail (HSR) network in Scandinavia, we propose: International Design + Chinese Engineering & Construction plus High Speed Trainset based on Chinese Loan

  36. Thank You

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