MCB Signs Strategic Partnership with China Railway Construction Corporation Limited (CRCC)

KEY TAKEAWAYS

  1. World Leading Ecosystem: CRCC, a state-owned enterprise and a leading construction company headquartered in Beijing, China, was the world's second-largest construction and engineering company by revenue in 2014.

  2. Focus on Green Energy: The MOU with CRCC is particularly significant for our upcoming solar project in the Democratic Republic of Congo (DRC).

  3. A Promise of Collaborative Excellence: This partnership marks a new chapter in our mission to bridge the gap between government-to-government initiatives and tangible, world-changing infrastructure development.

MCB is thrilled to announce a momentous Memorandum of Understanding (MOU) with China Railway Construction Corporation Limited (CRCC), a global leader in construction and engineering. This collaboration marks a significant milestone in our journey as facilitators of large-scale G2G projects, particularly in the realm of Real World Assets (RWA).

CRCC, a state-owned enterprise and a leading construction company headquartered in Beijing, China, was the world's second-largest construction and engineering company by revenue in 2014. Founded in 1948, CRCC now is a mega-size construction enterprise under the administration of the State-owned Assets Supervision and Administration Commission of the State Council. As one of the most powerful and largest general construction groups in the world, CRCC were ranked 42nd among Fortune Global 500, 3rd among ENR's Top 250 Global Contractors, and 12th among "China's Top 500 Enterprises" in 2021.

Strategic Significance of the Partnership

The partnership with CRCC, a company renowned for its construction capabilities, is a testament to MCB's commitment to facilitating and executing major projects. Following our recent partnership with CN Energy, which underscored our funding capacity, this new alliance with CRCC highlights our construction prowess. This partnership is pivotal as we prepare to sign an agreement with local governments for G2G projects, highlighting MCB's capability and credibility in executing large-scale ventures.

Focus on Green Energy

The MOU with CRCC is particularly significant for our upcoming solar project in the Democratic Republic of Congo (DRC). CRCC's construction expertise, coupled with MCB's strategic facilitation, will drive the development of this sustainable energy project, reflecting our commitment to environmentally conscious and impactful initiatives.

DRC - Solar Power Project

  • The forecasted budget for this extensive project stands estimated at around USD 7 billion, covering comprehensive costs to meet the high demand for reliable power in the country (Democratic Republic of Congo aka DRC).

  • The initial pilot phase of the infrastructure is expected to start with a capacity of at least 300–500MW.

  • The scope of scaling up to a staggering 5.4GW.

Learn more about MCB - DRC Funding Partner here

Learn more about MCB - Blockchain Partner here

A Promise of Collaborative Excellence

Through this MOU, MCB and CRCC are set to embark on a journey that not only aligns with global sustainability goals but also demonstrates the power of strategic collaborations in realizing transformative projects. This partnership marks a new chapter in our mission to bridge the gap between government-to-government initiatives and tangible, world-changing infrastructure development.