CHINESE COMPANY BONANZA AS RAILCARS TO SUPPLY US RAIL SYSTEMS

Published:2017-03-31

 

Chinese railcars will soon be humming along both coasts of the United States, after Beijing-headquartered Chinese company signed deals with various U.S. transport authorities.


In a deal worth up to $647 million, the company will build 64 new railcars for the Los Angeles subway system, creating 50 local jobs, according to the Los Angeles County Metropolitan Transportation Authority.

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