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Is Luqiao Group a state-owned enterprise or a private enterprise?

Road and Bridge Group is a state-owned enterprise

Introduction to China Road and Bridge Engineering Co., Ltd.:

China Road and Bridge Engineering Co., Ltd. (English abbreviation CRBC) is China's earliest entry into international engineering One of the four large state-owned enterprises in the contracting market, it is mainly engaged in project contracting, investment, development and operation in the fields of roads, bridges, ports, railways, airports, real estate, industrial parks and other fields. It operates in 69 countries in Asia, Africa, Europe and the Americas. It has established branches in and around the world, 3 regional centers in Central and Eastern Europe, Central Asia, and Latin America, and a regional market development center in Central and West Africa.

The predecessor of China Road and Bridge was the Foreign Aid Office of the Ministry of Transport. Since 1958, it has begun to go abroad and undertake the construction of foreign aid projects of the Chinese government. In 1979, the company was formally established and entered the international engineering contracting market. In 2005, it became a wholly-owned subsidiary of the reorganized China Communications Construction Co., Ltd., and has undertaken a large number of landmark engineering projects with international influence and won a number of domestic and international awards. CRBC is world-renowned as a well-known brand in the international engineering contracting industry.

The company seized the opportunity and contracted in various ways the Kenya Mombasa-Nairobi Railway, the Karakoram Highway in Pakistan, the Jes-Tuba Expressway in Senegal, the Golden Port Expressway in Cambodia, and Zemun-Borca in Serbia. Bridge, Pelje?ac Bridge in Croatia, Maputo Bridge in Mozambique and other famous projects.