海外投資

Chinese group sees collapse of Poland ambitions

A high-profile attempt by China to break into the European transport infrastructure market has turned into a fiasco after Poland cancelled a controversial highway contract with a Chinese company midway through construction.

China Overseas Engineering Group (Covec) was awarded the contract to build a 50km stretch of the crucial highway between Warsaw and the German border in 2009, after presenting a bid so low that rivals took allegations of price dumping to Warsaw and Brussels.

It was the first Chinese company to win such a large European highway contract and had hoped to use the project as a calling card to gain other business in the region.

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