Expanding their global building base, Chinese firms are seeking opportunities abroad as domestic urban infrastructure development seen slowing
A Chinese state-run company will help build a section of Chilean capital Santiago’s commuter rail system, as a host of contractors from China bid to construct a tunnel along the same railway system, reflecting Beijing’s burgeoning economic ties in Latin America.
A consortium led by China Railway Construction (CRCC) has reached a US$470 million agreement with Chile’s State Railway to build a 26km (16.2-mile) electric railway in the South American country’s congested capital, Chinese media outlets reported this week.
The Santiago-Batuco railway line, covering eight stations, will cut travel times into and out of the Santiago city centre to 24 minutes from 90, expediting journeys for about 35 million passengers per year, according to the Chinese reports.
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