Aecom in Beijing JV to tap $2.5trn Chinese environmental market

US infrastructure major Aecom has teamed up with a subsidiary of the huge state-owned firm China Communications Construction Company (CCCC) to sell environmental services in China.

Aecom and CCCC Highway Consultants Co. (HPDI) will form a joint venture based in Beijing to offer consulting and planning for soil and water projects.

They aim to capitalise on China’s new focus on sustainability, and said the national government had passed "landmark legislation" that will lead to a "dramatic shift forward in official and public support for environmental remediation".

Aecom said today that the environmental protection industry in China could be worth $2.5 trillion over the next few years.

The official goal to improve the environment and ecosystems is a core tenet of China’s thirteenth Five-Year Plan, Aeecom noted.

Sean Chiao, Asia Pacific president of Aecom, said, "Aecom’s 9,000 environmental specialists across the globe are working to provide comprehensive solutions addressing the most difficult environmental challenges faced by the world today, and we are eager to bring this expertise to bear for the benefit of improving China’s land, water and air quality."

Founded in 1954 as the Highway Planning and Design Institute of China’s Ministry of Transport, HPDI is now a wholly-owned subsidiary of CCCC.

Image: Haze over Hai He River, Tianjin, China, 2010 (Shubert Ciencia/Creative Commons)

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