The China South Locomotive & Rolling Stock (CSR) has unveiled a plan to invest 5bn yuan ($787m) to build a locomotive manufacturing and repair centre in south-west China.
CSR has signed the investment deal with the municipal government of Chengdu on 21 October 2011 according to chairman of the CSR board Zhao Xiaogang.
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Initially the company is planning to invest 1.5bn yuan ($234.8m) to manufacture and repair light rail and subway trains.
The centre will also repair railway trains, locomotives and electric vehicles, the company said.
