CHINA: Škoda Transportation has signed an agreement for CSR Qingdao Sifang to produce ForCity 15T low-floor trams for the Chinese market under licence.
Škoda Transportation said the 10-year agreement announced on June 3 could cover up to 400 trams taking the value of the contract to KC5bn.
'China currently has a sophisticated plan for investment in the public transport sector', said Tomáš Krsek, Chairman of Škoda Transportation. 'Therefore, the local market is very interesting for us. But it is also necessary to keep in mind that the market is highly competitive, where all multinational global companies take part. And that is why I see the contract as confirmation that our company is able to offer top quality products which can succeed in competition among world manufacturers.'