CRRC Corporation

The CRRC Puzhen Bombardier Transportation Systems Limited (PBTS) joint venture has been awarded its first monorail contract in China to supply 240 BOMBARDIER INNOVIA Monorail 300 cars for Wuhu City's Line 1 and Line 2 Phase One, valued at approximately 1.785 billion CNY (€229 million, $270 million).

CRRC Corporation signed several major contracts between July and November 2016 totaling approximately 25.24 billion yuan, including a 7.14 billion yuan contract with China Railway for freight cars, a 4.56 billion yuan contract for locomotives, and a 3.13 billion yuan contract for high-speed train maintenance.