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CSR inks RMB 1.36 bln deal with MTR Corporation

Apr. 18, 2012 (China Knowledge) – CSR Co Ltd<601766><1766>, the country's largest manufacturer of rail vehicles, announced that it recently signed an agreement worth RMB 1.36 billion with MTR Corporation.

MTR Corporation is responsible for the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong express railway project.

CSR said that it will provide CRH train for the Guangzhou-Shenzhen-Hong Kong express railway project, and the train with a speed of 350 kilometer per hour will be custom-made to ensure its safety, reliability, economy and comfort.

The Guangzhou-Shenzhen-Hong Kong express railway project will start operation in 2015.

Yesterday, CSR said it will ink several other major contracts with a total contract value of about RMB 3.3 billion.

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