The Luoyang city government (Henan province of Central China) signed the new tram project strategic cooperation framework agreement with China Railway Signal and Communication Corporation (CRSC). After the completion of the project, CRSC is expected to achieve an annual sales income of 800 million yuan (USD 129 million).
The new project investment by CRSC will amount to 1 billion yuan (USD 161 million) which will involve the tramway vehicle, core parts and repair centre.
The project is divided into 2 parts that include the Luoyang new tram line construction project and new city tram rolling stock manufacturing project.
This 5 year project will start construction in the second half of 2015.
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