China’s largest contractor tapped for $100M Manhattan subway project

A subsidiary of China’s largest contracting company has just inked a deal to complete a $100 million Manhattan subway ventilation project, according to China Daily. The project is the third U.S. infrastructure assignment that the company has been assigned this year. China State Construction Engineering has been aggressively pursuing the U.S. infrastructure market, according to Li Zhirui, an analyst with First Capital Securities, and is finding lucrative development opportunities. “The new project… signals China State Construction’s ambition to tap the American construction market,” Zhirui said.