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Bombardier Joint Venture Reaches $79Mln Deal With China for High Speed Trains

© Photo : Bombardier / High speed Train CRH1
High speed Train CRH1 - Sputnik International
According to reports, Bombardier Transportation’s joint venture in China, Bombardier Sifang, will build 40 new generation high-speed train cars for China Railway.

A Chinese train driver takes the new bullet train on a test run on the new high-speed Beijing-Tianjin express railway in Beijing on June 26, 2008 - Sputnik International
Russia, China to Build High-Speed Rail Link
WASHINGTON (Sputnik) Bombardier Transportation’s joint venture in China, Bombardier Sifang, will build 40 new generation high-speed train cars for China Railway, the company announced in a press release on Tuesday.

"This new contract for five eight-car trainsets is valued at approximately 543 million Chinese RMBs (73 million euro, $79 million US) and follows a separate contract for 144 high speed cars announced by the JV [joint venture] in early March," the release stated.

Bombardier China President Jianwei Zhang said the company has already produced more than 3,000 high-speed train cars for the Chinese market.

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