Top China trainmaker eyes UK rail line contracts
London
CHINA'S top trainmaker plans to go head-to-head with European rivals such as Alstom SA in bidding for a range of contracts including rolling stock for Britain's £50 billion (S$100.5 billion) High Speed 2 rail line (HS2).
CSR Corp will seek to make and maintain the 360 kmph trains at the heart of one of the world's biggest infrastructure projects, said Li Donglin, chief executive officer of rail-technology arm CSR Times Electric. It could also build the track and manage the network.
TRENDING NOW
Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours
Floods compound Philippine growth woes from public-works scandal
Singdollar hits 10-month high against ringgit as investors take refuge in traditional safe haven
How Asia’s next generation is rewriting legacy through entrepreneurship