HQTS Signs US$50m Deal with CRRC

HQTS and CRRC SIFANG CO., LTD. have signed a deal worth US$50m to provide inspection services for the equipment of Iraq Certificate of Inspection (COI) diesel multiple units.

The new contract was signed on the morning of Thursday September 10, 2020 and will see both companies cooperate based on adopting an advanced international standardization system.

The agreement will also see them exchange technical capabilities, confirming a new co-operation scheme which will focus on relevant COI workflows.

The signing of the new contract means that in the future, the two entities will co-operate closely in the field of the rail transportation industry.

It will bring comprehensive rail transportation equipment inspection services to enterprises in the rail transit area.