CHINA: Bombardier Transportation and New United Group have finalised an agreement to establish a signalling and train control joint venture. Each company will have a 50% share in the joint venture, which will be known as Bombardier NUG Signalling Solutions Co Ltd.
The Changzhou-based company will focus on communications, signalling and monitoring systems for the Chinese metro and light rail markets, including moving-block train control.
Bombardier and NUG have co-operated in the Bombardier CPC Propulsion System Co Ltd joint venture since 2003.
Bombardier said it would bring ‘proven mass transit experience’ to the partnership, while NUG brings knowledge of the Chinese market and links with municipal authorities.