SC520-3BSE003816R1 Siemens is looking to innovate its partnership with China Railway Group

On the same day, Zhang Wei, vice president of Industrial sales of Siemens (China), and seven people made a special trip to visit China Railway Northeast Investment Development Co., LTD., located in Hunnan District, Shenyang. And with Sun Yuguo, Deputy general manager of China Railway Investment Group Co., LTD., General manager of China Railway Northeast Investment and Development Co., LTD., they had a cordial exchange of views on deepening cooperation in the field, innovating cooperation models and jointly operating projects in the Northeast region. 

China Railway Northeast Investment and Development Co., Ltd. is the only investment and financing platform of the world's top 500 central enterprises -- China Railway Corporation Limited and China Railway Investment Group Co., LTD., responsible for the development of the overall Northeast regional infrastructure construction, urban rail transit, smart city construction and other fields of the market. In this meeting, Siemens strongly expressed its desire to actively participate in the investment construction and operation of China Railway in the Northeast region's subway, urban rail, highway municipal, smart city, digital platform and other aspects, and ultimately achieve win-win cooperation.

As a famous company in the world's top 500, Siemens has developed rapidly in China in recent years, and has fully invested in the cooperation with China with its innovative solutions, and is committed to achieving sustainable development. Zhang Wei made it clear during the talks that Siemens attaches great importance to China Railway's inherent advantages in infrastructure investment, construction, management and operation, especially the country's continuous promotion of reform and opening up, vigorously implementing the PPP business model, which provides a new platform for cooperation between the two sides.

For this Siemens initiative to seek cooperation in the northeast region, Sun Yuguo believes that the time is right. He said that Siemens and China Railway have a broad consensus in many aspects, both are century-old strong enterprises, and have witnessed the great changes in China's reform and opening up and made important contributions. 

Sun Yuguo introduced that China Railway has been deeply ploughing the Northeast market, and to "help the regional economy to revitalize China Railway Northeast investment first" as a mission, since this year is taking the initiative in the Northeast region, and constantly deepening cooperation. Taking Shenyang as an example, this year has successfully won the Shenyang Express Road PPP project and Shenyang Sino-German Garden PPP project, and completed the newly signed contracts of about 18.8 billion yuan. In addition to the previously invested and constructed Dalian Metro Line 5 PPP project, Changchun New Area Northeast Asia International Logistics Port PPP project, Gongzhuling City underground comprehensive pipeline corridor PPP project, the cumulative investment of China Railway in the past two years has exceeded 60 billion yuan in the three Northeast provinces.

It is understood that at present, China Railway Investment Group is carrying out a new round of reform and innovation and investment and financing model innovation, and further refining the market division on the basis of regional companies, respectively established the Heilongjiang, Jilin and Liaoning regional operation headquarters, Sun Yuguo concurrently serves as the commander of the three regional operation headquarters. This also shows the outside world China Railway's confidence in the revitalization of Northeast China and its determination to help regional economic development.

At the end of the talks, Sun Yuguo said that he hoped the two sides would take this opportunity to further explore ways of cooperation, deepen exchanges and communication, and jointly participate in the early operation and expansion of key projects