Photographer: Robert Nickelsberg/Getty Images

Chicago Hands China $1.3 Billion Order for New Urban Train Cars

  • CSR Sifang pledged to build rail car assembly plant in Chicago
  • Deal is only China's second in the U.S. after Boston in 2014

Chicago’s transport authorities handed a $1.3 billion rail cars contract for the city’s "L" urban rail system to a unit of China’s CRRC Corp., the company’s second deal in the U.S. in 18 months.

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