After a two-year trough, China’s railway equipment investment is recovering rapidly. In the first half of 2022, China National Railway Group Co., Ltd. (hereinafter referred to as “National Railway Group”) invested more than 14 billion yuan in new equipment, an increase of nearly 70% over the same period last year.
Recently, China National Railway Group launched the third locomotive bidding this year, with a total of 220 locomotives and some electrical equipment, with a total amount of about 4.844 billion yuan. China Railway Materials Co., Ltd., a wholly-owned subsidiary of China Railway Group, issued an announcement on June 10, showing the above content.
The bidding announcement shows that the owners of this bidding project are China Railway Group and other 4 companies, of which 118 electric freight locomotives with 7,200kW AC drive six-axle are tendered, and the amount involved is 1.829 billion yuan; 2.908 billion yuan, the total price of locomotives is about 4.737 billion yuan; there is another 108 million yuan for electrical equipment.
This tender is the third tender for the locomotive project of China Railway Group this year. On March 10, 2022, China National Railway Group tendered a total of 229 six-axle 7200kW, eight-axle 9600kW and diesel locomotives, with a total value of about 3.8 billion yuan; on May 23, China National Railway Group tendered another 28 eight-axle 9600kW freight power The total price of the locomotive is about 840 million yuan. Counting this time, China National Railway Group has tendered a total of 477 locomotives three times during the year, with a total amount of about 9.484 billion yuan.
It is worth noting that among the 3 locomotives tendered, 410 electric locomotives were made, accounting for 86% of all locomotives tendered, and all of them were freight electric locomotives.
In addition to the above-mentioned three locomotive tenders, in 2022, China Railway Group will also conduct one EMU tender and one freight car tender. On May 16 and 19, the China National Railway Group tendered 8 and 16 intelligent EMUs with a speed of 350 kilometers per hour respectively for the Beijing-Guangzhou high-speed railway Jingwu section, involving an amount of about 4.1 billion yuan; on March 21, the state China Railway Group has tendered 20,000 C70E (H) general purpose gondolas with an amount of about 740 million yuan. In the first half of the year, the above five purchases of rolling stock involved a total of about 14.324 billion yuan.
In the first half of 2021, China Railway Group’s equipment investment was nearly 8.5 billion yuan. In the first half of 2022, China Railway Group’s equipment investment was significantly higher than that of the same period last year, an increase of 68.52%.