Singaporean Firm Wins Chinese Train Deal

19 January 2010 (Last Updated January 19th, 2010 18:30)

Singapore's Midas Holdings will supply 80 train sets, equivalent to 1,120 train cars, for a high-speed rail project in China. The CNY353m ($52m) contract has been awarded to the company's Jilin Midas Aluminium Industries unit by Bombardier Sifang Transportation. The fleet will

Singapore's Midas Holdings will supply 80 train sets, equivalent to 1,120 train cars, for a high-speed rail project in China.

The CNY353m ($52m) contract has been awarded to the company's Jilin Midas Aluminium Industries unit by Bombardier Sifang Transportation.

The fleet will be used for the CRH1 350 380kmph EMU high-speed train project, which will have trains operating at speeds up to a maximum of 380kmph.

Delivery of the train cars is expected to begin in 2010 and finish in 2014.