Independent journal on economy and transport policy
15:10 GMT+2
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Initiatives of the Deutsche Bahn in order to increase own presence in China
Sign two memorandum of understanding
June 13, 2016
In occasion of the governmental summit between China and Germany currently in development to Beijing, today the railway group German Deutsche Bahn (DB) has signed two memorandum of understanding, of which with the Chinese producer of rotabile material China Railway Rolling a Stock (CRRC), society that work a railway net to high speed of approximately 19.000 kilometers with a fleet of 1.400 trains and to which DB will offer to support for the activities of maintenance and repair.
"For we - it has emphasized the president and managing director of Deutsche Bahn, Rüdiger Grube - the Chinese Popular Republic is an important market and such will remain in future. In consideration of the investment plans for beyond 300 billion euros in transport infrastructures, our objective is to benefit from the increase and the potential one of China. Our experience remarkablly is appreciated and our international activities of success strengthen also our position on the German domestic market".
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