GE signs LOI with China’s Ministry of Railways

GE Transportation has signed a Letter of Intent (LOI) with China’s Ministry of Railways (MOR) valued at $1.4bn (£0.9bn), including $350m for export in locomotives, locomotive sub-assembly kits, service support and railway signalling systems.

These exports have the potential to sustain or create approximately 2,000 high-tech manufacturing jobs in the US.

GE also signed an additional LOI with the MOR reaffirming both parties’ intent to collaborate on High-Speed Rail (HSR) opportunities and other rail technology in North America.