GE Wins Deal To Supply 300 Train Locomotives To China
US conglomerate General Electric Co. said Tuesday
it had won a big contract to supply 300 train locomotives to China to help in
the booming country's bid to modernise its vast rail network.
US conglomerate General Electric Co. said Tuesday it had won a big contract to supply 300 train locomotives to China to help in the booming country's bid to modernise its vast rail network.
GE said it had signed the contract worth more than 450 million dollars with the Chinese Railways Ministry to supply the 6,000-horsepower locomotives in cooperation with the Qishuyan Locomotive and Rolling Stock Works.
------------
The deal "will open new lines of revenue, give us a larger installed base outside of North America and enable GE to better compete to replace China's current fleet of 6,500 mainline locomotives over the next 15 years", he said.
Delivery of the locomotives is planned to start in 2007 and end in 2009.
Gonna be a lot of happy faces around the holiday table in Erie.
Posted: Fri - November 4, 2005 at 10:58 AM