Arab Today, arab today china rail giant lands ‘record’ 13bn us contract
Last Updated : GMT 16:35:01
Arab Today, arab today
Arab Today, arab today

China rail giant lands ‘record’ $1.3bn US contract

Arab Today, arab today

Arab Today, arab today China rail giant lands ‘record’ $1.3bn US contract

China’s largest train manufacturer
Beijing - AFP

China’s largest train manufacturer won a billion-dollar deal to supply Chicago with rolling stock, it announced Friday, as Beijing seeks to create high-tech firms capable of competing for lucrative contracts with foreign giants.

CRRC corporation, the result of a 2014 merger between two state-owned firms and the largest train maker in the world by revenue, signed a $1.3-billion contract to manufacture 846 subway carriages for the Midwestern US city, replacing around half its fleet.

It was the biggest train supply deal any Chinese firm has sealed in a developed economy, CRRC said on its website, calling it a “breakthrough” for the country’s exports of high-end equipment.

“‘Made in China’ trains will be landing in Chicago,” it said.

The city’s mayor, Rahm Emanuel, said the deal would “go down in history”, the Chicago Sun-Times reported.

Beijing has long urged rail and train makers to expand overseas in order to build expertise and market share and boost the competitiveness of its national champions.

Chinese firms have signed deals to build railways in several countries, including Indonesia — where they beat off Japanese competition — Serbia and Hungary, and a project in Thailand is being planned.

But some foreign deals have fallen through, with Mexican authorities cancelling a multi-billion dollar high-speed rail project last year amid allegations of favouritism during the bidding process.

Chicago has the United States’ second-largest public transport system and the trains will be assembled in the city by a CRRC US subsidiary, CSR Sifang America, with the project expected to create 169 jobs.

CRRC last year won a contract to make 284 subway cars for Boston for $566 million.

It submitted the cheapest bid in the Chicago tender, according to reports, beating Canada’s Bombardier by $226 million.

The new carriages will replace an unpopular design that uses aisle-facing seats, the Chicago Tribune said, leaving commuters “getting their feet stepped on while they are seated, or being eye level with the buttocks or crotch of a standing passenger”.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china rail giant lands ‘record’ 13bn us contract Arab Today, arab today china rail giant lands ‘record’ 13bn us contract

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china rail giant lands ‘record’ 13bn us contract Arab Today, arab today china rail giant lands ‘record’ 13bn us contract

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 10:39 2017 Monday ,26 June

Authorities release Assala under conditions

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday