CRSC to take on for­eign ri­vals

Con­sor­tium to bid for Sin­ga­pore-Malaysia high-speed rail­way pro­ject con­tract

China Daily (Hong Kong) - - BUSINESS - By ZHONG NAN zhong­nan@chi­nadaily.com.cn

China Rail­way Sig­nal and Com­mu­ni­ca­tion Co, the coun­try’s rail­way con­trol sys­tems provider, has es­tab­lished a con­sor­tium with other play­ers to com­pete with for­eign ri­vals to build the Sin­ga­pore-Malaysia high-speed rail­way, said its se­nior ex­ec­u­tives on Tues­day.

CRSC Chair­man Zhou Zhil­iang said the com­pany sent a team to Sin­ga­pore on Mon­day to join with other part­ners, in­clud­ing China Rail­way Rolling Stock Corp, the coun­try’s rail­way ve­hi­cle and equip­ment ex­porter, as well as other rail­way ser­vice and in­fra­struc­ture providers in Sin­ga­pore.

They will sub­mit the func­tional in­tro­duc­tion of high­speed trains, ter­mi­nus sta­tion con­struc­tion plans, noise and vi­bra­tion data, and ten­der doc­u­ments for var­i­ous con­struc­tion pe­ri­ods to trans­porta­tion author­i­ties in both coun­tries ear­lier next year.

The Chi­nese con­sor­tium will chal­lenge Ja­panese com­peti­tors in­clud­ing Hi­tachi Ltd and Mit­subishi Heavy In­dus­tries Ltd, Ger­many’s Siemens AG and Canada’s Bom­bardier Inc dur­ing the bid­ding process.

CRSC has so far par­tic­i­pated in more than 10 high-speed and reg­u­lar rail­way projects in the global mar­kets, in­clud­ing the Jakarta-Ban­dung high­speed rail­way in In­done­sia, the Moscow-Kazan high­speed rail­way, and the Chi­naThai­land rail­way and Hun­gary-Ser­bia rail­way projects.

“The in­ter­est rate hike in the US and the de­pre­ci­a­tion of the yuan will be help­ful for China to sup­ply more rail­way projects and trains in over­seas mar­kets,” said Zhou.

“We will raise our in­ter­na­tional busi­ness pro­por­tion from less than 10 per­cent to more than 30 per­cent dur­ing the 13th Five-Year Plan (201620).

The com­pany pre­vi­ously served as the ma­jor player in tech­ni­cal ap­pli­ca­tion and in­no­va­tion for rail­way and ur­ban tran­sit train con­trol sys­tems in China, and it has es­tab­lished a com­plete tech­ni­cal and stan­dard sys­tem — the China Train Con­trol Sys­tem — to man­age high-speed train op­er­a­tions.

“It will be tough to com­pete with Ja­panese com­pa­nies in the Sin­ga­pore-Malaysia high­speed rail pro­ject, but we have the ad­van­tage in prod­uct qual- ity, ma­ture op­er­a­tional ex­pe­ri­ences, pack­age prices, strong ser­vices and fi­nanc­ing abil­ity,” said Fu Jian­guo, CRSC vicechair­man.

Ea­ger to en­large its over­seas sales, CRRC, its part­ner to pro­duce trains, has al­ready built a man­u­fac­tur­ing fa­cil­ity and main­te­nance cen­ters in Malaysia in 2015, with a ser­vice range cov­er­ing most South­east Asian na­tions.

The Sin­ga­pore-Malaysia bul­let train pro­ject will cut travel time by land be­tween Kuala Lumpur and Sin­ga­pore to 90 min­utes, com­pared with more than four hours by car.

The 350-kilo­me­ter high­speed rail­way, first pro­posed in 2013, is con­sid­ered a game- changer rail line con­nect­ing the two South­east Asian na­tions.

With more than 16,000 em­ploy­ees, the com­pany’s sales rev­enue surged 38.2 per­cent to 23.95 bil­lion yuan ($3.5 bil­lion) in 2015.

“Widen­ing the in­ter­na­tional sales and con­struc­tion pro­ject net­work can help Chi­nese rail equip­ment, in­fra­struc­ture and ser­vice providers en­hance their lo­cal­iza­tion abil­i­ties, as well as gain sup­port through lo­cal em­ploy­ment,” said Zhang Xiao­jing, di­rec­tor of the In­sti­tute of Eco­nomic Re­search for China and ASEAN at the Univer­sity of In­ter­na­tional Busi­ness and Eco­nom­ics in Bei­jing.

We will raise our in­ter­na­tional busi­ness pro­por­tion ...” Zhou Zhil­iang, chair­man of China Rail­way Sig­nal and Com­mu­ni­ca­tion Co

WANG SONG / XINHUA

Tech­ni­cians test new sig­nal sys­tems at a train sta­tion in Xinx­i­ang, He­nan prov­ince.

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