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English > Industry > Industry-Breaking News>China Railway Group Signs US$7.5 Bln Venezuela Contract

China Railway Group Signs US$7.5 Bln Venezuela Contract

08-03 12:59 Caijing



» State-owned China Railway Group has signed a US$7.5 billion contract with Venezuela's National Railway Agency to build a 471 kilometer line, the official Xinhua News Agency reported.
» The order represents the largest contract signed by a Chinese company in Venezuela outside the oil industry.
» The double-tracked electric railway will link four states in northern Venezuela, and the project will generate 7,500 jobs. The line is expected to be completed in 2012.
From wires
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