Changes in Hong Kong stocks | CRRC (01766) rose more than 3% and joined hands with MTR to win a major contract for the Western Sydney Metro Line

The Zhitong Finance App learned that CRRC (01,766) rose more than 3%. As of press release, it had risen 3.04% to HK$6.11, with a turnover of HK$91.797 million.

According to the news, on January 5, the MTR announced that a joint venture formed by the company and CRRC subsidiary has successfully won the main contract for the Western Metro Line project in Sydney, New South Wales, Australia, to provide next-generation subway trains and related systems, and undertake the commissioning and operation of the line system. According to the MTR, the Western Sydney Metro Line is a new underground railway line with a total length of 24 kilometers and 9 stations, connecting Parramatta, a major commercial and residential town in western Sydney, with the goal of being put into service in 2032.

Wang Feng, vice president of CRRC, said CRRC has participated in iconic projects such as the Melbourne Metro and the Sydney Double Decker Bus. The company will use its technology and experience in building the world's leading driverless subway systems in the mainland and overseas to build an advanced railway system for Sydney. Coupled with close cooperation with MTR, we are confident that the project will be successfully delivered and surpassed the expectations of all parties.