Xinhua. China’s Ministry of Railways (MOR) signed a deal with state-owned vehicle producer CNR Corporation Limited (CNR) for 100 high-speed CRH (China Railway High-speed) trains for 39.2 billion yuan (US$5.730 billion).
With a designed speed of 350 km/h (217 mph), the new CRH trains will travel between Beijing and Shanghai in 2011, when the construction of the 1,318-km, high-speed railway between the capital city and the country’s financial hub is expected to complete.
“The contract does not include any foreign parties, as Chinese companies possess core technologies for the high-speed trains and have complete intellectual rights over the 350 km/h CRH type,” said Zhang Shuguang, director of the transport department under the MOR. The MOR had introduced railway technologies from Japan, France, Germany and Canada in the development and production of the 200 km/h CRH trains already in operation at present.
All 100 trains will be self-developed and manufactured under the CNR group. Tangshan Railway Vehicle Co. and Changchun Railway Vehicle Co., two CNR subsidiaries, will be in charge of the production of 60 sets and 40 sets, respectively.
The MOR plans to spend 500 billion yuan (US$73.092 billion) to buy trains over the next four years.