China Railways Corporation just placed new orders for 258 new high speed trains worth US$7.3bn……..this should benefit Midas holdings !/? Wednesday, 11 December, 2013  4:44 PM
Posted by Kevin Scully

 The International Railway Journal  has reported that China Railways Corporation has just awarded new contracts for 258 new high speed trains worth US$7.3bn to China Northern Rolling Stock Company (CNR) and China Southern Rolling Stock Company (CSR).

The contract is divided into two Lots – Lot 1 comprising 78 250km/h trains was awarded to CSR Sifang in 8 batches.  Lot 2 comprises 180 350km/h trains to CNR Chang Chun (27 trains), CSR Sifang (83 trains) and CNR Tangshan (70 trains). 

On 21 October 2013, Midas was awarded its first high speed rail contract worth RMB167.5mn from CNR Chang Chun and CNR Tangshan.  It is therefore likely that some of these high speed new contracts …