On the morning of January 26, Changzhou government formally signed the strategic cooperation agreement with CSR Corporation Limited, which lays a solid foundation for building a hundred-billion rail transportation industry.

As the China's largest, world's second rail transportation equipment manufacturing company, CSR owns the world's largest manufacturing base for electric locomotive, R&D and manufacturing base for high-speed EMUs and high-power internal combustion engine and diesel locomotive with world-leading technologies, Asia's largest freight train R&D and manufacturing base, and China's largest passenger train R&D and manufacturing base, and urban rail subway manufacturing base. In 2010, the output value of rail transportation industry in Changzhou reached RMB 40 billion. CSR Qishuyan Institute Co., ltd., CSR Qishuyan Co., Ltd. and CSR Yangtze Co., Ltd. achieved rapid development in Changzhou.

According to the strategic cooperation agreement, the project of CSR Urban Light Rail Industry Park will be established in Qishuyan district. The project will be divided into three phases, and the investment in first phase exceeds RMB 1 billion.

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