Independent journal on economy and transport policy
16:11 GMT+2
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the Chinese society of railway constructions Lowers Railway Group will enter in the American market
Investment of 500 thousand dollars in order to acquire 24% of joint venture
July 14, 2015
The group Lowers Railway Group (CREC), that it is specialized in the railway infrastructure construction, has announced that it will enter in the American market. The Chinese group, through the branch Lowers Railway Eryuan Engineering Group, will invest 500 thousand dollars in joint venture with center in the USA of which it will stop 24% of the capital. CREC has not specified which are the other investor in the initiative.
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