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Home » Business » Manufacturing
China chugs biggest train deal
By Fu Chenghao |
March 17, 2009, Tuesday
|
Print Edition
Print Edition
CHINA CNR Corp, the nation's leading locomotive maker, has won contracts worth 39.2 billion yuan (US$5.7 billion) to supply 100 new-generation bullet trains for the planned high-speed railway between Shanghai and Beijing.
The deal, signed with the Ministry of Railways yesterday, marked the largest single railway equipment contract in China's history.
The 100 16-carriage trains will ride on the Shanghai-Beijing Express Railway from 2011 on, at a speed of 350 kilometers per hour, setting a world record for trains in commercial operation, according to a company statement.
CNR was known as China Northern Locomotive & Rolling Stock Industry (Group) Corp before a reorganization in June 2008. It competes with domestic rival China South Locomotive and Rolling Stock Industry.
CNR said it is the sole winner for train orders for the 1,318-kilometer rail project, which is under construction. The link will more than halve the travel time between the two cities to less than five hours.
China's railway industry development plan aims to increase the proportion of locally made equipment, by adapting the world's most advanced technologies.
Design work on the new bullet trains started on January 27, CNR said. The first train, with fully owned intellectual property rights, is expected to be rolled out in October next year, CNR said.
"The contract does not include any foreign parties, as Chinese companies possess core technologies for the high-speed trains and have complete intellectual rights over the 350km/h CRH type," said Zhang Shuguang, director of the transport department under the railway ministry, according to Xinhua news agency.
The ministry earlier introduced railway technologies from Japan, France, Germany and Canada in the development and production of the 200km/h CRH trains already in operation.
China would experience "large purchases" of CRH trains in the coming years upon the completion of more passenger railway lines across the country, according to the director.
The deal, signed with the Ministry of Railways yesterday, marked the largest single railway equipment contract in China's history.
The 100 16-carriage trains will ride on the Shanghai-Beijing Express Railway from 2011 on, at a speed of 350 kilometers per hour, setting a world record for trains in commercial operation, according to a company statement.
CNR was known as China Northern Locomotive & Rolling Stock Industry (Group) Corp before a reorganization in June 2008. It competes with domestic rival China South Locomotive and Rolling Stock Industry.
CNR said it is the sole winner for train orders for the 1,318-kilometer rail project, which is under construction. The link will more than halve the travel time between the two cities to less than five hours.
China's railway industry development plan aims to increase the proportion of locally made equipment, by adapting the world's most advanced technologies.
Design work on the new bullet trains started on January 27, CNR said. The first train, with fully owned intellectual property rights, is expected to be rolled out in October next year, CNR said.
"The contract does not include any foreign parties, as Chinese companies possess core technologies for the high-speed trains and have complete intellectual rights over the 350km/h CRH type," said Zhang Shuguang, director of the transport department under the railway ministry, according to Xinhua news agency.
The ministry earlier introduced railway technologies from Japan, France, Germany and Canada in the development and production of the 200km/h CRH trains already in operation.
China would experience "large purchases" of CRH trains in the coming years upon the completion of more passenger railway lines across the country, according to the director.
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