Posted AT 2:38 AM EST on 13/11/08
Chinese package a boon for rail projects
BEIJING — China's announcement of a massive $586-billion (U.S.) stimulus package is “very good news” for
Bombardier Inc., offering the prospect of more aggressive Chinese investment in the types of railway projects where the company has emerged as a top supplier, a Bombardier executive says.
In the wake of the stimulus announcement, China has also unveiled an expanded plan for railway construction in the near future.
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