CSR to build rail manufacturing and repair centre in China

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.