With the Standard Gauge Railway (SGR) project set for completion in June next year, some Chinese firms are smiling all the way to the bank after signing deals for provision of various services ahead of the opening of the 472-kilometre line.
One such company is Beijing-based train-maker CRRC Corporation. The company, which is listed on both the Shanghai and Hong Kong Stock Exchanges, signed a deal in May to supply locomotives for the SGR line by May next year.
“CRCC has been commissioned by the China Road and Bridge Construction Company to provide 46 diesel locomotives, 1,500 freight wagons and 700 coaches by the first quarter of next year and their construction is under way,’’ said CRRC’S International Business Department president Chen Dayong.
Chen says CRRC has what it takes to deliver quality locomotives to Kenya, adding that the company’s record speaks for itself. “We are ranked number one in the world train transport sector by market share and number one in production of diesel-engine trains globally,” he told the media in Beijing last Friday.
However, CRRC is not the only company that’s cashing in on the project. Chinese telecommunications giant, Huawei is also set to rake in big bucks after it won a lucrative contract to build a train-to-ground communications system for the SGR line.
Huawei will provide the GSM-R network, optical transmission network, clock synchronisation systems and a power and environmental monitoring system for the railway line. The system is expected to enable multiple communications and train control along the entire line.
The Vision 2030 flagship project, which is expected to be in operation next year, is being constructed by the China Road and Bridge Construction Company, CRBC, with 90 per cent funding from the China Export Import(Exim) Bank.