[210616.EN.BIZ] Deutsche Bahn Plans To Invest US$338 Billion in China's High-speed Rail

GERMAN state-owned rail operator Deutsche Bahn has signed agreements for high-speed traffic maintenance for a regional transport system in Dalian.

"Our experts from DB Engineering & Consulting are the first foreigners to work on a regional transport project in China," said Deutsche Bahn chairman Rudiger Grube.

"As part of a consortium, they have a consultancy contract for the operation of regional transport routes in Dalian, a city with a population of 6 million," said Dr Grube.

"The People's Republic of China is an important market for us and will remain so in future," said Dr Grube.

"In view of the plans to invest more than EUR300 billion [US$338.3 billion] in transport infrastructure, we wish to benefit from the growth and potential in China," he said.

"Our expertise is in high demand and our successful international activities also strengthen our position in our home market of Germany," he said.

One deal was signed with the Chinese rolling stock manufacturer CRRC (China Railway Rolling Stock Corporation) confirming continuation of the parties' cooperation in the establishment and optimisation of a maintenance system for high-speed multiple units.

CRRC operates a 19,000-kilometre high-speed network with 1,400 trains. DB will provide maintenance and repair support for the company.

DB has been active in China since 1966. DB Schenker alone has more than 5,000 employees in the country. Among other things, DB was involved in the construction of Metro Shanghai, the development of the high-speed network and the Transrapid in Shanghai.

Source : HKSG.