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China's CRRC Wins $647 Million LA Metro Contract

According to Reuters, Chinese rail car manufacturer CRRC Corp will build 64 subway cars for the Los Angeles metro as part of an order that could be worth as much as $647 million. A CRRC executive confirmed the news on Monday, which was first announced by the Los Angeles County Metropolitan Transportation Authority (LACMTA) late last week. The LACMTA said these cars will be used for the metro's red and purple lines, and they may also opt to buy another 218 subway cars, bringing the total order value to about $647 million. The contract, which is the Chinese company's third major win in the United States, comes ahead of an expected meeting between Chinese President Xi Jinping and U.S. President Donald Trump next month in Florida, where openness to trade and investment between the two nations will be a central theme. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/mjQSyH4HRlw/us-crrc-usa-idUSKBN16Y0ZA http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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