China Railway Construction Consortium Wins Algerian Railway Contract Worth RMB3.56 Billion
A consortium formed by China Railway Construction Corporation and a local enterprise won the contract on August 2 to build the communication, signaling and power systems for the western Algeria railway mining line, with work officially commencing on the same day. The contract value is 69.8 billion Algerian dinars, equivalent to approximately RMB3.56 billion.
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The event has a measured impact on 1 industry. The strongest current signal is positive for Rail Equipment, with intensity 50/100 and 70% confidence over a medium term horizon.
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