In October 1996, Shanghai Urban Construction was established under the circumstance of separating government and company role of Shanghai Municipal Engineering Administration. STEC joined Shanghai Urban Construction officially and became its only listed platform. In the next five years, as the top enterprise in China municipal engineering, Shanghai Urban Construction injected top quality assets to STEC including its Urban Construction Design Institute, Tunnel Design Institute, No.1 Municipal Engineering Company, No.2 Municipal Engineering Company, Road and Bridge Company etc., which represent the top level of planning, investment, design and construction of municipal engineering projects in China. Greater resources, teams and platforms expanded STEC’s businesses to all areas of infrastructure in terms of urban roads, bridges, tunnels, rail transports, and architectures. It was STEC’s first time to step out of Shanghai, taking on the world, and transforming into a large-scale integrated infrastructure enterprise.
Shanghai Urban Construction Group was established, which was approved by Shanghai Municipal Government. The corporate motto “Carrying a City Dream, Creating an Ideal Life” and a wider platform offered a new business way for STEC.
Shanghai Urban Construction Group overcame institutional constraints, invested 396 million RMB to own shares for management rights of Shanghai Jiading Expressway, and then injected it into STEC, making it the first infrastructure company engaged in capital operations in Shanghai. In the same year, STEC invested and constructed Ningbo Changhong Tunnel, which pioneered integrated BOT mode with investment, construction and operation in undertaking tunnel project in China.
Shanghai gas business was put under Shanghai Municipal Engineering Administration due to the system reform in Bureau of Public Utilities of Shanghai. Shanghai Gas Design Company, Shanghai No.1, No.2 Gas Pipeline Engineering was put under Shanghai Urban Construction Group. The new units possess the best design and project resources in Shanghai gas projects, helping Shanghai Urban Construction Group include more industries and develop into a multi-core developing structure, including investment, construction, design consulting, real estate development and advanced manufacturing, which laid an important foundation for STEC to develop.
STEC researched and developed 6.34m earth pressure balance shield“Pioneer” during country’s 863rd project, which was the first self-owned intellectual property earth shield in China. Its spirit of pioneering and pursuing excellence sent a clear signal to every employee of STEC. It also helped STEC to lead innovation globally for the next dozens of years.
after entering the international market for ten years, STEC was among the top 225 of international contractors. Shanghai Urban Construction Group’s trails covered more than 10 countries and regions in global market. The broad vision of facing the world and extensive experience in global operation also brought openness and international mobility to the present day STEC.
