General Electric has stated that it will be investing $2.2 billion in a concession to revamp, provide rolling stock and manage some of the countrys railways. The concession is currently in the formal procurement process.
This is coming on the heels of the signed two deals worth $5billion with China Civil Engineering Construction Corp , part of Chinas state –owned railway construction firm, to modernize and build railways in the north and south of the country.
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