On December 22, 2020, the State-owned Assets Supervision and Administration Commission of Shaanxi Province held a meeting on the reorganization and integration of Shaanxi Communications Holding Group. On the morning of the 23rd, the Shaanxi Provincial Transportation Construction Group responded quickly and held an emergency video conference to convey the spirit of the conference. On the morning of January 30, 2021, Shaanxi Communications Holding Group Co., Ltd. was formally established.

The newly established Shaanxi Transportation Holding Group, based on Shaanxi Expressway Group, Transportation Construction Group Company, and Transportation Group, brings together 14 companies held by the Shaanxi Provincial Department of Transportation and its affiliates, including: Provincial Transportation Planning and Design Institute, Xi'an Highway Research Institute, Shaanxi Province Automobile Industry and Trade Corporation, Shaanxi Provincial Transportation Assets Service Company, Shaanxi Province Xi’an Bus Station, Shaanxi Road and Bridge Group Co., Ltd. (shareholding equity), Shaanxi Kairui Transportation Staff Training Building, Lianyungang Xijing Hotel, Shaanxi Highway Group Co., Ltd. Company, Shaanxi Guangda Highway and Water Transportation Engineering Consulting Company, Shaanxi Hanjiang Investment and Development Co., Ltd., Shaanxi Transportation Industry Co., Ltd., Xi'an Scenery Real Estate Co., Ltd., Xi'an Yuntong Parking Service Co., Ltd., etc.

Enterprise Nature

Compared with other provinces, the “small, scattered, and weak” main businesses of Shaanxi province-owned enterprises and weak competitiveness are more prominent, especially among provincial expressway enterprises. Therefore, the purpose of this integration is to revitalize resources and achieve a strong alliance. According to official data, as of the end of 2020, the total assets of the integrated enterprise are 565.1 billion yuan, the total number of employees is more than 30,000, and the maintenance and management highway mileage is 5,990 kilometers. Can be described as a veritable provincial state-owned giant.

The company is responsible for the investment and financing construction, operation management and related industry development of transportation infrastructure such as expressways in the province. Focus on main responsibilities and main businesses, build a whole industry chain integrating investment, construction, operation, service, and operation with large transportation as the mainstay, and vigorously develop transportation infrastructure construction. The integration of the Shaanxi Transportation Holding Group will help expand the scope of unified loans, optimize debt structure, reduce financing costs, accelerate the integration of industry and finance, revitalize existing assets, increase corporate hematopoietic function, and promote full coverage of expressway operating business cash flow. Realize a virtuous circle of transportation enterprise assets. At the same time, make it truly become the main body of the market, build the investment and financing and asset management structure of the transportation, form a complete ecosystem and upstream and downstream industrial chain, improve the level of intensification and competitiveness of the transportation industry, and become a leading transportation enterprise in Shaanxi. Consolidate and expand the advantages of Shaanxi Province as a transportation hub.

The new leadership of Shaanxi Communications Holding Group appointed a public notice. The public announcement included the candidates of the Shaanxi Communications Holding Group’s party committee, deputy secretary, secretary of the discipline inspection committee, general manager, deputy general manager, director, and chief accountant.

Shaanxi Provincial Development and Reform Conference News: Shaanxi will continue to play the leading role of key projects, especially major industrial projects, in stabilizing investment and employment. In 2021, 542 provincial-level key construction projects will be initially arranged with a total investment of 2.19 Trillion yuan, with an annual investment of 429.5 billion yuan; focusing on innovation-driven, building a modern industrial system, expanding domestic demand, building digital Shaanxi and other fields, initially reserves 2061 major projects in the 14th Five-Year Plan of the province, with a total investment of 12.7 trillion yuan.

In 2021, Shaanxi Province will increase investment in energy and transportation, ecological and environmental protection, public health, and emergency material reserves, and accelerate the formation of new investment growth points in advanced manufacturing and 5G, artificial intelligence, industrial Internet, and Internet of Things. Speed up the transformation of old communities in cities and towns. Implement a batch of "two new and one heavy" projects, accelerate the construction of major projects under construction such as the third phase of Xi'an Xianyang International Airport, promote the early commencement of projects such as the West Ten High-speed Railway and the third transmission channel from northern Shaanxi to Guanzhong, continue to expand effective investment and maintain economic operation In a reasonable range. Undoubtedly, the entry of this heavyweight guest of Shaanxi Transportation Holding Group will play an important role in promoting the investment and financing of major projects in the province, and the development of the transportation network in Shaanxi Province will surely show a new look. Infrastructure Communications has learned that in addition to Shaanxi, Shandong, Hubei, Yunnan, Guangxi, Gansu, Guangdong and other provinces, in the past two years, major reorganization and integration actions have been carried out in the transportation investment field, and the effect has been significant.Editor/Xing Wentao