CRCC

Chicago order fuels 126% growth for China’s CRRC

First, in 2014, a $567 million system-wide car order for Boston’s MBTA.  Then,  this year, the largest single purchase of rapid transit cars in Chicago history, valued at $1.31 billion. Together, the contracts built momentum for China’s CRRC to more than double orders from outside China in the first half of this year, according to a financial release filed with the Shanghai Stock Exchange on Aug. 23, 2016.

Mexico compensates China for canceled HSR project

Mexico’s Federal Secretariat of Communications and Transport (SCT) has agreed to pay $1.3 million in damages to China Railway Construction Corporation (CRCC) for costs incurred in bidding for the cancelled Mexico City-Queretaro high-speed rail project.