SHANGHAI Metro has placed a Yuan 543m ($US 78m) contract with the CRRC Nanjing Puzhen Rail Transport joint venture for additional cars for Line 2.

ACCORDING to a study by SCI Verkehr, Germany, the world market for metro cars is set to grow at an annual rate of 1-2% from what it describes as a very high current market volume of more than €8bn.

FIVE groups from Europe and Asia have applied to the California High-Speed Rail Authority (CHSRA) to qualify to bid for its “early train operator” tender. The winner will work alongside CHSRA on the design, development and procurement of the high-speed rail service, with a view to a franchise agreement.

CHINESE rolling stock manufacturer CRRC Corporation has reported that its net profited declined 4.42% year-on-year to Yuan 11.3bn ($US 1.64bn) in 2016.

CONSTRUCTION of the 331km high-speed line between China’s eastern cities of Hangzhou and Wenzhou began on March 9.

ACCORDING to a report published by SCI Verkehr, Germany, all types of rail traffic are expected to grow up to 2025, building on the growth already achieved since 2005. The strongest growth is expected in urban rail, followed by mainline passenger and freight.

MTR Corporation, Hong Kong, reported an 8.4% increase in revenues in 2016 as the company successfully opened new metro lines and extensions in its domestic market and continued to expand its international operations.

CHINA Railway Corporation (CRC) has awarded a contract for the supply of 18 eight-car CRH1 A-A new generation high-speed trains to Bombardier’s Chinese joint venture, Bombardier Sifang Transportation (BST).

THE first of 30 new metre-gauge diesel-electric locomotives built by Chinese rolling stock manufacturer CRRC Ziyang arrived in Argentina on February 8.