OCT. 8 2016 (The Conway Bulletin) – CRRC, China’s state-owned train manufacturer, signed an agreement with state-owned Georgian Railway to supply 28 new electric locomotives and jointly build a factory to produce trains in the country. The new $20m factory, located near Tbilisi, will be operated by CRRC and local companies BMI Partners and AS Group 1990. The joint venture aims to create an export hub for train parts to Europe and Turkey.
ENDS
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(News report from Issue No. 299, published on Oct. 7 2016)