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Chapter 1393: Chapter 1240: Good News (Subscribe please!)
Besides that.
The reason why these local interest groups in Mozambique do not have much resistance.
Is another ’approach’.
That is.
The construction progress of the roads related to the mining area is not very satisfactory to the Myanmar side, so, in this batch of project loans, is it possible to add more projects for city and rural roads.
These.
Are not related to the mining area.
Even if the progress is slow.
The Myanmar side probably won’t say anything.
It was this ’solution’ and ’new cake’ that allowed them to quickly come to an agreement to subcontract some existing projects to Huaxia companies, earning a little less is okay.
Next.
Just properly operate this third batch of project loans.
This time.
Must not offend the sensitive interests of others.
Considering this.
It should be fine.
...
Noon.
Capital of Mozambique.
Southern district.
A gathering place for Chinese enterprises.
Kanghua Construction Engineering Company.
This Huaxia construction company is not very large. n𝚘𝚟𝚙𝚞𝚋.𝚌o𝚖
Always following a few state-owned enterprises from Huaxia working overseas, subcontracting is a common thing, otherwise, with so many projects, how many people would those construction giants need to hire?
Therefore.
Over the years.
Relying on subcontracting projects.
They have lived quite comfortably.
However, they still cannot get projects with high technical content, such as power stations and wharfs, and some important projects, because, after all, the profit from these projects is one aspect, and quality is another aspect.
Their company.
Repairing roads and bridges is still manageable.
"Manager, good news."
Suddenly.
A young man rushed into the project manager’s office, where Manager Wang Jiang was still eating pancakes dipped in Lao Gan Ma chili sauce, and was almost choked by the interruption, he had to drink some water.
He smiled and scolded the newcomer: "You rascal, what’s up?"
Working overseas.
Mentally, it’s a kind of test.
As time goes by.
The hierarchy is not so strict, otherwise, in a foreign country, maintaining a stern face all day, stepping out and seeing only foreigners, life would not be so easy, their relationship is a bit deeper than with colleagues in the domestic.
"Just got news, the Myanmar Bank Group is very dissatisfied with the construction of the mining area roads, and has officially made a request to the Mozambican government, this time, I guess someone will come looking for us."
The young man was a bit excited.
Initially.
The project that could have been easily secured.
Was disrupted by these local interest groups.
They were outsiders.
They could only watch.
Now.
’Evil’ finally receives its due.
The Myanmar Bank Group had seen enough, Wang Jiang thought exactly, he knew, every month, the Myanmar Bank Group would conduct a progress review of its funded projects.
This time.
They probably couldn’t stand it any longer.
"That’s good news, but don’t get too excited yet, whether it ends up in our hands still remains to be seen, and if it’s not profitable, why should we take it?"
Wang Jiang said calmly.
"That’s for sure, fortunately, now the initiative is in our hands."
"Right, any other news?" Wang Jiang asked. This young man was also lucky, he had accidentally met the son of a local big shot here, and they both shared a hobby of woodcraft.
Otherwise.
He wouldn’t have been more informed than him.
The young man continued, "Yes, this time, they have brought another hundred million Asia Dollar project loans, specified to be used only in the construction of electricity and road sectors, I guess, those people have turned their attention here."
Wang Jiang said, "Makes sense, the mining area roads are slow, people are dissatisfied, they can approve many city roads, still making money, and the Myanmar Bank Group won’t say anything."
"Electricity, I think our Huaxia companies have a good chance of landing that project, we also have some experience, so, you continue to inquire, and I’ll also make some inquiries."
"Okay."
After the young man left.
Wang Jiang called a manager from a Huaxia Hydropower Group they had cooperated with before.
Friend.
He still had some.
"Old Wang, what’s up? Have you finished the projects in Mozambique?"
On the other side, a ’cordial’ greeting came right away.
"Not yet, still have some, just came to talk to you," Wang Jiang said playfully.
"Talk about what?" the other side asked.
"About projects." Wang Jiang replied directly.
Upon hearing this, the other party said, "I don’t have any projects in Mozambique for you, and the projects here in South Africa are also coming to an end. There are no new constructions elsewhere at the moment, and as you know, the people here are all destitute."
"What did I just find out? " Wang Jiang said.
"What?"
Wang Jiang replied, "Today, a Myanmar delegate visited Mozambique, and this time, they brought a project loan of ten billion Asia Dollars, with all authorizations signed, and specifically earmarked for road and electricity projects."
"For the roads aspect, I think Mozambique is up to some tricks, but for the electrical aspect, they have absolutely no construction qualifications. This also presents an opportunity for you."
"What? It’s specified for the electricity sector? What’s the percentage?" The other side was suddenly shocked. He didn’t know about this, which made sense as national collaborations don’t necessarily involve informing just one company.
Wang Jiang shook his head and said, "I don’t know about that. I can only find out so much. But it shouldn’t be too little, at the worst, there should be three to four billion Asia Dollars allocated."
Upon hearing this,
the other side laughed.
"Heh heh, three to four billion, good, good, not bad at all, I need to look into it."
"If it works out, don’t forget about me, my brother," said Wang Jiang.
"You? Alright, that’s a small matter."
The other side was very forthcoming.
In Africa.
This isn’t like being in the domestic market.
Here, it’s not filled with relatives and acquaintances scrambling for projects. Without experience in handling local relationships, it’s difficult to manage subcontracting of projects.
After hanging up the phone.
The other side immediately called someone who might know.
Very soon.
He got to know the percentage.
Fifty percent.
Myanmar specified that over fifty percent of the funds must be used to invest in electrical facilities. It was indeed a significant piece of the pie, so the responsible person immediately got in touch with the headquarters back home.
This project,
they were determined to win.
With the backing of the Myanmar Bank Group, there was no need to worry about the payment for the construction work; this money could be exchanged directly into RMB at the Huaxia Central Bank and it has stable currency value.
One to one.
With almost no fluctuation.
...
In the afternoon.
Under the lead of Locke,
Kan Qin arrived at a mining wharf that was under construction.
Kan Qin remembered this project.
Years ago, it was left unfinished by a South Korean company. After seeing Myanmar provide a project loan to Mozambique, he wished to restart the construction of this wharf.
But,
Why would Locke agree?
Even if he did,
the audit department of Myanmar Bank Group wouldn’t agree either. Moreover, considering how high the South Korean company’s asking price was, agreeing would unnecessarily use up so much quota, Locke wouldn’t even be able to explain it to the domestic interest groups.
In the end,
the South Korean company was kicked out.
They were compensated some depreciation expenses for the equipment.
Finally,
it was undertaken by Huaxia Harbor Construction Group. It has been over a year now, and the work has been progressing well; arguably, it’s the largest standalone project in this batch of project loans.
"Manager Zheng, hello."
Kan Qin greeted the project manager here in somewhat standard Chinese.
"You speak Chinese?" Manager Zheng was surprised.
"I know a bit but I’m not very fluent. Chinese culture is profound and extensive, I still need to continue learning," Kan Qin said with a smile; inevitably, Ling was ’multi-talented’ and fluent in several languages.
This gap.
He was also trying to bridge.
Not to surpass,
but just not to fall too far behind.
"Haha."
Hearing that Kan Qin could speak Chinese made Manager Zheng feel much closer instantly.
"Show me around."
"Certainly, follow me..."
Twenty minutes later.
Kan Qin left the wharf very satisfied. This wharf, being crucial to Myanmar’s ore imports, was closely related to him. Ling had already proposed the idea of building a ’national industrial and mineral reserve’ plan.
Import as much as possible.
Use less of the domestic supply.
Hence,
every import channel
had significant strategic importance for Myanmar. As for what these ores were for or if the industries could consume them, Kan Qin was not worried at all; he was among the few privy to some confidential plans.
For at least the next ten years,
Myanmar’s infrastructure would be in a growth phase.
Looking further ahead.
Having such reserves was deemed necessary.
The Mozambique model may likely cause intense trade conflicts with Western bloc countries like the United States and the European Union in the future. It’s always better to have extra reserves to strengthen risk resistance.
In the end,
the more you could buy with your printed money,
the better.
