CRRC Wins High-Speed Rail Contract in Czech Republic

Engineers work on a bullet train in a railway maintenance and repair factory at the Xi'an Railway Administration on Tuesday. Photo: IC

(Beijing) — China has sold three high-speed rail trains to the Czech Republic, Beijing's first such deal with a European Union member as it tries to export the technology after a multibillion-dollar building spree at home.

A subsidiary of China's top train maker, CRRC Corp. Ltd., agreed on Monday to supply three trains to Czech rail operator Leo Express in transactions totaling more than 20 million euros ($20.8 million). The deal could be expanded to up to 30 trains in three years, said Liao Hongtao, vice general manager of the CRRC affiliate.