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  • Nov 2nd, 2005
  • Comments Off on General Electric 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.

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 co-operation with the Qishuyan Locomotive and Rolling Stock Works.

"We are excited and pleased to advance our presence in the rail industry in China," said John Dineen, chief executive of GE Infrastructure's rail business, in a statement.

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.

Copyright Agence France-Presse, 2005


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