China's Guoxin International commits US$2 bln to Christchurch rebuild

Wed, 23 Sep 2015

By Pattrick Smellie Sept. 23 (BusinessDesk) - Christchurch City Council is rolling out the welcome mat for Guoxin International Co, one of China's largest infrastructure development companies, which is committing to raise a US$2 billion fund for investment projects in the city as it enters the mature phase of its post-earthquake reconstruction. While the letter of cooperation and friendship signed between Guoxin and Christchurch mayor Lianne Dalziel is non-binding, the relationship marks a major step in attracting new investors to the cit...

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