Locomotives for the Silk Road

Suez Capital Ltd was appointed as transaction advisor by China National Technical Import and Export Corporation, a Chinese SOE, to assist with the market penetration of Chinese locomotives into the former Soviet Union.

Suez staff carried out an exhaustive market study, a stakeholder expectation survey, an analysis of repair and maintenance facilities, and a programme to familiarise O’Zbekiston Temir Y’ollari (Uzbek Railways) staff with Chinese Rolling stock. This included visits to the Dalian locomotive factory, the CRRC Zhuzhou locomotive plant, and the Baotou Railway wagon plant.

Ultimately, the Uzbek Government acquired 11 locomotives worth USD45 million under a Chinese EXIM credit.