CSR Corp. (1766) and China CNR (601299) Corp., the nation’s two biggest trainmakers, won bids for 258 bullet trains worth as much as 44.3 billion yuan ($7.3 billion) as China’s high-speed rail network opens new lines.
CSR estimated it won bids totaling 25.9 billion yuan to make 83 bullet trains with maximum speeds of 350 kilometers per hour (217 miles per hour) and 78 trains with maximum speeds of 250 kph for state-owned China Railway Corp., it said in an e-mailed statement late yesterday, citing calculations based on previous bidding prices.
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Jasmine Wang, Bloomberg via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/mtqdAR09HSM/
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