Japans Hitachi in Deal with Britain for High-speed Rail Project

Japans Hitachi will supply nearly 600 train carriages for Britains inter-city high-speed rail project in a deal worth £4.5 billion, the company and the British government said Wednesday.The giant conglomerate won the project along with British partner John Laing in 2009 but negotiations had been delayed after a change of government in Britain.The firms will supply 92 complete trains — comprised of 596 carriages — to replace the ageing fleet on Britains inter-city rail networks, with Hitachi holding a 70-percent stake in the consortium while John Laing has 30 percent.

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