The Xi’an metro line 3 phase one for which CBI member Alstom supplied traction system for the metros started today. The contract was signed in 2013 between Alstom and Xi’an Metro Company to equip 246 metro cars with the OptONIX traction system. That was the first transport contract for Alstom in Xi’an city.
Phase one - which is 39.1 km long and includes 26 stations – connects the city from southwest to northeast, passing through important landmarks including Xi’an International University, Qinglong Temple, Chanba Ecological District, Xi’an International Habour Affairs Area, Xi’an Economic & Technological Development Zone and Xi’an Free Trade Zone. A further extension of the metro line toward the south is planned.
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CLIFFORD CHANCE ADVISES ICBC ON CENTRAL AND EASTERN EUROPEAN FOCUSED INVESTMENT FUND TARGETING €10 BILLION
Leading international law firm and CBI member Clifford Chance is advising the Industrial and Commercial Bank of China (ICBC) on the establishment of a European investment fund that is focused on projects in Central and Eastern Europe (CEE).
The fund is part of China's major initiative to develop a modern silk road – 'One Belt One Road', and was formally announced at the China and CEE Countries Summit in Riga, Latvia on 5 November 2016. The fund will focus on developing the infrastructure, high-tech manufacturing and consumer goods industries in the CEE countries with the intention of promoting more economic interaction between the Chinese and the European markets.
The size of the fund is expected to reach €10 billion and expected investors include governmental investors from of CEE countries, as well as Asian institutional investors.
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