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December 16, 2014

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CSR makes track with train deal for Argentina

CHINA’S CSR Corp, one of the country’s two leading rolling stock manufacturers, has secured a contract worth 1.7 billion yuan (US$278 million) to supply locomotives and rail cars to Argentina, CSR said yesterday in an online statement.

CSR’s locomotives and trains will be used on Argentina’s Belgrano Cargo Railway Rehabilitation Project, in which China Machinery Engineering Corp, a state-owned international engineering and trade company, is the main contractor.

The contract includes 80 locomotives and more than 2,000 freight rail cars, CSR said in the statement.

CSR said it has become an important supplier of locomotives and rail cars to the South American country from as early as 2006.

Last year, CSR had won two contracts from Argentina to supply 709 rail passenger carriages to make electric multiple unit (EMU) train formations, a deal worth above US$1 billion.

The first batch of six CSR-made EMUs comprising 54 carriages became operational in July this year on railways linking the capital, Buenos Aires, to satellite cities, the company said.




 

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