SHANGHAI (XFN-ASIA) - The railway ministry has signed an agreement to buy 1,500 freight locomotives from French company Alstom and related suppliers, the official China Securities Journal reported.
The deal could be worth 3.6 bln eur, the paper said, citing sources.
The paper did not say when the locomotives are to be delivered.
In October, Alstom signed a contract worth 1.2 bln eur for the delivery of 500 freight locomotives to China.
(1 eur = 10.3 yuan)
qionghui.feng@xinhuafinance.com