The shield machine: make good use of precious underground space

With the development of the shield machine, the exploration of the underground space has become more and more deep in recent years. It will make full use of space, undersea tunnel, subway, caves and so on.

Machinery industry is also concerned about the development of this one, fully developed manufacturing machinery and equipment for underground space development, as the industry leader, the nature is no slack.

In February 26th, Xiamen Engineering related information, the subsidiary of a joint venture with the Xiamen Municipal Engineering Design Institute of China railway tunnel, the establishment of the Xiamen Underground Space Engineering Development Company Limited (hereinafter referred to as joint ventures), and to expand the area of city underground space development.

Announcements, Xiamen Engineering shares owned subsidiary of Xiamen Xiagong iron heavy machinery limited company (hereinafter referred to as China Railway and railway tunnel to Xiamen Engineering), Xiamen Municipal Engineering Design Institute in Xiamen set up a joint venture in Xiamen Underground Space Engineering Development Co. Ltd. (tentative name, name of the legal registration authority for approval shall prevail), registered capital of the joint venture company 100 million yuan, including: iron Xiagong invested 82 million yuan, accounting for 82% of the registered capital of the joint venture railway tunnel; invested 15 million yuan, accounting for 15% of the registered capital of the joint venture company; Xiamen municipal hospital invested 3 million yuan, accounting for 3% of the registered capital of the joint venture company.

According to our view, there are great potential for underground space development in large and medium cities, including underground expressway, subway, underground shopping mall and smart city construction. The development prospects of the joint venture company are good.

The joint venture will enter and expand the development of urban underground space. First, take the city of Xiamen as the center and radiate the surrounding areas of Fujian and develop the underground space investment, construction and operation of underground expressway, comprehensive pipe gallery, underground business and smart city construction.

It is reported that the joint venture party Xiagong iron based Xiamen Engineering shares in 2013 with China Railway Engineering Equipment Co. Ltd. was established in the Xiagong Heavy Machinery Co Ltd.

The iron business income increased significantly in recent years, announcements, in 2014, the total assets of 309 million yuan, the annual revenue of 110 million yuan; as of September 30, 2015 the total assets of 346 million yuan, 1~9 month operating income 220 million yuan.

The investment and operation of the underground space development project and the main products of the railway development, and seek new business opportunities, to achieve business model innovation, enhance the ability to withstand market risks. The joint venture will be registered in the Xiamen Free Trade Zone in Fujian.

The railway benefit from Xiamen subway construction, April 2014, Xiamen railway first shield machine is dedicated to the official line, Xiamen subway project and the "tailored" the first shield machine. According to another report, as of November last year, China has 11 sets of Xiagong (sets) for the excavation of Xiamen Metro Line 1, CET6450 of EPB shield machine, the completion rate has reached 90%, and 4 new orders, plans for the construction of Xiamen subway line 2.

The joint venture will also be based on the opportunity for the construction of Xiamen metro, but it is worth mentioning that the project still has a certain risk of income.

Xiamen Engineering shares that the city underground space development is a major government action, some underground space project of strong public welfare, its profitability is not strong, a longer payback period.

In addition, the development of urban underground space at the present stage will be a large number of PPP project mode, underground space development projects often have huge investment and high financing cost.

Xiamen Engineering shares that will be possible for the support of the government, including financing, subsidies, compensation policies, projects, not competition guarantee, compensate for the lack of project benefits; at the same time, a single change of development for the comprehensive development, and actively explore the supporting projects to increase the project commercial value, commercial value excavation of underground space project more.

On the underground development, small make a shallow view, all reasonable, not blindly follow, excessive excavation.

Wonderful recommendation:

Chinese machinery industry hundred finalists Lingong group

Red Star Machine: control Raymond powder dust and life hook

Heavy steam products - the star of dangerous goods