DB Signs MoUs to Expand Presence in China’s Rail Market
German rail company Deutsche Bahn has signed two memoranda of understanding (MoU) in Dalian in a bid to increase its presence within the Chinese rail industry.
One of the MoUs signed with manufacturer China Railway Rolling Stock (CRRC), was to confirm continuation of the parties’ cooperation to establish and optimise a maintenance system for high-speed multiple units.
The agreement was also signed for the provision of mutual support in remedying operating problems related to wheel-on-rail contact. CRRC uses a fleet of 1,400 trains to operate a 19,000km high-speed network. The company will receive maintenance and repair support from DB for its operations.
Deutsche Bahn’s management board;TEXT chairman and CEO Dr Rüdiger Grube said: “The People’s Republic of China is an important market for us and will remain so in future.
[quote font_size=”20”]”In view of the plans to invest more than €300bn in transport infrastructure, we wish to benefit from the growth and potential in China.”[/quote]
Under the second agreement, DB Engineering & Consulting will work on a regional transport project in China as part of a consortium. The company has a consultancy contract for the operation of regional transport routes in Dalian. Deutsche Bahn was also involved in the construction of Metro Shanghai project, which includes the development of the high-speed network and the Transrapid in Shanghai.