Bombardier & China’s Ministry of Railways Sign a Multi-level Strategic Cooperation Agreement
Posted: 7 December 2010 | | No comments yet
Bombardier & China’s MOR signed a MoU aimed at strengthening their strategic partnership…
Bombardier & China’s MOR signed a MoU aimed at strengthening their strategic partnership...
Bombardier and China’s Ministry of Railways (MOR) today signed a Memorandum of Understanding (MoU) aimed at strengthening their strategic partnership in the development of various products and systems, including rolling stock and signalling solutions applied in mainline and regional railways for the market in China and internationally. The agreement was signed at the UIC High Speed Congress in Beijing by Mr Liu Zhijun, China’s Minister of Railways and André Navarri, President and Chief Operating Officer, Bombardier Transportation.
Both parties agree to further collaborate on the development of the existing high speed and very high speed product platforms and to further extend this cooperation to other platforms if and when needed, such as regional trains. The agreement also establishes China Railway Signal and Communication Corporation as a strategic partner for Bombardier’s highly advanced signalling systems, to jointly develop signaling products in order to meet the requirements of China and international markets.
André Navarri commented: “China has a clear vision of the critical role rail must play in sustainable economic development, and is making the strategic investments necessary to ensure that vision is realized. China is selecting state of the art technologies to build the most advanced rail network in the world. We offer one of the broadest product portfolios in the world. We are pleased to have worked closely with the MOR and our local partners in the past and look forward to working together in the development of new, game-changing technologies.”
Jianwei Zhang, President and Chief Country Representative, Bombardier China said: “One of the most important considerations in successful business is partnership. Bombardier has been actively participating in the development of China’s rail transportation providing a broad range of products, systems and services. This includes more than 4000 rail vehicles for various applications, signalling solutions for both very high speed rail and urban mass transit, locomotives, propulsion equipments and systems. Bombardier is very proud to be a long term strategic partner with the MOR.”