Financial Daily from THE HINDU group of publications
Monday, Feb 24, 2003
Financial Daily from THE HINDU group of publications Monday, Feb 24, 2003 |
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Logistics
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Railways China-Pakistan rail wagon contract Our Bureau
China is to supply 1,300 railway freight wagons to Pakistan. A contract on this was signed between the two countries recently in Beijing. The first group of 420 wagons will be produced in China and delivered to Pakistan by the end of this year, while the remaining 880 wagons will be manufactured in Pakistan under Chinese supervision over next two years in a joint venture. The $61-million contract, reportedly the biggest railway equipment export deal ever signed by China, will be executed jointly by two Chinese companies, Dongfang Electric Corporation and South China Locomotive & Rolling Stock Industry Corporation. Pakistan's railway minister is believed to be leading a delegation of railway and communication officials on a visit to China to explore further railway cooperation between the two countries.
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