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The word “rolling stock” has evolved in the United States from the earlier, more broadly defined “trains” to now encompass wheeled vehicles utilised by businesses on public roads.
Furthermore, the advancements in big data and analytics have helped suppliers and industrial Original Equipment Manufacturers (OEMs) to optimise their operations and offer users of rolling stock digital solutions, real-time monitoring, and predictive maintenance solutions.
The Latin America Rolling Stock Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
According to CRRC, it intends to construct a new manufacturing plant in Mexico that will serve as a hub for the supply of rail projects across Latin America.
The initial goal is to build a facility with 5000 employees spread across 100 hectares.
Company personnel are exploring a suitable site, although it would most likely be on properties bordering the states of Veracruz and Tamaulipas on Mexico’s central Gulf Coast.”
The Mayan Train Project is one of the major infrastructure projects intended to boost Southern Mexico’s economy.
Authorities have stated that by connecting the project to Guatemala, the economy of Central America will be improved and migration flows will be decreased.
The Brazilian Federal Government and Eurasian Resources Group’s (ERG) Brazilian subsidiary Bamin have signed a concession agreement for the construction and operation of a FIOL (East-West Integration) railway line.
Bamin will invest millions of dollars in the railroad and rolling stock. With this initiative, Bamin, the largest transport firm in Central Asia, will be able to take use of ERG’s extensive international experience.
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