It is reported that Panzhihua Steel a Sichuan Province based Chinese steel producer has recently inked a sales contract for 50,000 tonnes of steel rails with state owned China Railway Group for the first stage of the construction of a railway in Venezuela.

Panzhihua Steel will be the only steel rail supplier for what will be the largest overseas railway construction program, worth a total value of USD 7.5 billion carried out by a Chinese company.

The railway in question will have a total length of 471.5 kilometers and will be suitable for trains travelling at up to 220 kilometers per hour.

(Sourced from SteelOrbis)
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