On September 19, 2011, Venezuela local time, Liang Chuanxin, vice president of CITIC Construction and Venezuelan Housing & Habitat Minister Ricardo Antonio Molina signed the EPC Contract for Social Housing Project in Ciudad Tiuna Block in Venezuela. This is another major project contract won by CITIC Construction from Venezuela after their 20,000 social housing project.
Located in Fuerte Tiuna Barracks in Venezuelan capital of Caracas, with an area of 31.94 hectares and constructed over a period of 28 months, the project involves 116 buildings in nine blocks as well as supporting municipal, educational and health facilities. It also plans to construct 13,034 social houses with a total floor area of 1.11 million square meters.
Political Counselor Chen Ping and Commercial Counselor Wang Yong of the Chinese embassy in Venezuela, together with leaders such as Liu Bingxin, executive general manager of Venezuelan Division of CITIC Construction, witnessed the signing of the contract.