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.

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.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Railway Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Railway Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now