CHINA-US: ECONOMY
A US$ 1.3 billion contract to replace almost half the fleet of rail cars of the Chicago Transit Authority with 846 new generation rail cars was approved on March 9, 2016. The new generation rail cars will be built at a new manufacturing facility on the Southeast Side of Chicago. The winning bidder to build the 7000 Series cars is CSR Sifang America, whose partners include the Chinese state-owned rail car manufacturing company CRRC Qingdao Sifang and CSR America, which handles North American operations. Their bid was lower than Canada's Bombardier by US$ 226 million. The same manufacturer is currently building cars for the Boston transit system. |