Portuguese infrastructure group Mota-Engil, partly owned by China’s CCCC, has signed a railway contract in Mexico worth USD 1.3 billion in partnership with China´s CRRC.
In a statement, the group says Mota-Engil Mexico and CRRC signed a railway contract providing for the construction of Lines 4, 5 and 6 of the Monterrey subway, with an extension of 36 km.
The project has an estimated duration of 5 years and “will contribute to improve the mobility solutions of the Monterrey city”, the group adds.
“With the award of this project, Mota-Engil consolidates its position in Mexico as one of the main railway
players”, the group says.
Headquartered in Beijing, CRRC Corporation Limited (CRRC) has 46 wholly-owned and majority-owned subsidiaries with over 170,000 employees.
CRRC is the world’s largest supplier of rail transit equipment and its main businesses cover the R&D, design, manufacture, repair, sale, lease and technical services for rolling stock, urban rail transit vehicles, engineering machinery, all types of electrical equipment, electronic equipment and parts, electric products and environmental protection equipment.