Industrials Author: Zhenduo Wang Nov 23, 2020 04:48 PM (GMT+8)

As a part of the Qingdao city intelligent renewal plan and the trillion-level rail transit equipment industrial chain plan, CRRC Sifang Zhihui Port will promote the rail transit development in Qingdao.

CRRC

As one of the key projects in the Qingdao city intelligent renewal plan, CRRC Sifang Zhihui Port (Chinese: 中车四方智汇港) project starts on November 18, 2020. Led by CRRC’s subsidiary, CRRC Qingdao Sifang, the project aims to improve the infrastructure of the old districts and to promote the development of the railway system in surrounding areas. The port will be featured with industrial Internet and intelligent manufacturing.

CRRC Sifang Zhihui Port project is also a significant part of the trillion-level rail transit equipment industrial chain, which is being constructed by the Qingdao government and CRRC together. It is estimated that the project will receive over 20 billion in investment from both CRRC and the government, and the port will create over 20,000 jobs and attract thousands of industry professionals to the areas.

To support the project, CRRC Qingdao Sifang won 4 bids for land in Qingdao with a total cost of CNY 1.81 billion on November 23, 2020. On the same day, CRRC announced the company plans to issue CNY 2 billion ultra-short-term financing bills to support the project and pay the loans from banks. The company is likely to have additional financing activities in the future for the project.


Industrial InternetIntelligent manufacturingCRRCZhihui Port