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BRIEF-CRRC says CRRC Changchun to participate in Australian Department of Transport contract

Published 25/11/2016, 10:03 pm
Updated 25/11/2016, 10:10 pm
© Reuters.  BRIEF-CRRC says CRRC Changchun to participate in Australian Department of Transport contract

Nov 25 (Reuters) - CRRC Corp Ltd 601766.SS :

* Evolution Rail, consortium comprising CRRC Changchun Railway Vehicles , unit, Australian Downer EDI and Plenary Group entered into contract

* Total value of aforementioned contract is A$2 billion, among which CRRC Changchun contributed approximately 45%

* Contract with Australian Department of Transport on Victorian Government's high capacity metro trains project

* HCMT project includes delivery of 65 new high capacity trains being built in victoria over next six years

* Aforementioned contract has no significant impact on operation results of company

* CRRC Changchun's participation as equity investor of project is investment of no more than A$15 million with shareholding ratio of 10% Source text for Eikon: ID:nHKS5Htb8T Further company coverage: 601766.SS

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