MNG Holding and CSR Corp to build wagon plant in Ankara

Reuters reported that Turkey’s MNG Holding has agreed with China’s CSR Corporation, which was selected last year to produce trains for the Ankara metro to establish a wagon manufacturing facility in Ankara as part of a USD 110 million investment.

The wagon manufacturing facility will produce 200 vehicles and conduct the maintenance and repair of 150 vehicles a year according to an official from the Transport, Maritime Affairs and Communications Ministry.

The official said that “Construction will be completed in 12 months, noting that the project would create employment for 6,000 people.”

CSR won the tender to construct 324 metro cars for the Ankara metro with the lowest bid at USD 391.2 million but the firm was accused of not fulfilling the offset condition which obligated the tender winner company to take 51% of inputs from Turkish companies.


Source : Reuters

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