China's transportation company joins hands with Greyhound

[hinchey]

China's transportation company joins hands with Greyhound

BEIJING, Oct. 21 (Xinhua)-- The New National Express Group Co.
Ltd, a trans-provincial expressway transportation company in China,
signed a group of contracts here Monday with Greyhound Canada
Transportation Corp.
The two companies will join hands for transporation development
of the road network in China. This is the first cooperation
between the two sides.
Specifically, their cooperation will target management skills
and transportation of small goods as well as international and
domestic tourists. China will import advanced technologies from
Canada, such as the ticket selling system and the security
management network.
Wang Yongli, chairman of the board of New National Express
Group, told the 2002 China Road Transport Development Forum Monday
that compared to developed countries, China still has a long way
to go in technology innovation of road transportation. The
cooperation with Greyhound is conducive to promote technological
development of road transportation in China and absorb the
advanced technology and management skills of developed countries.

Roger Pike, senior vice president of Greyhound Canada, told the
forum that the geographic size of Canada and China is almost the
same. With 73 years of experience and lessons, Greyhound is
willing to begin an enduring cooperation between Canada and China
in the field of road transportation.
The Shenzhen Branch of the Bank of China also signed a contract
with the New National Express Group Co., Ltd Monday, to provide
500 million yuan (60.5 million US dollars) for the company's
development.
Established in Toronto in 1928, Greyhound Canada covers the
road transportation business in all of North America and enjoys a
large share of the North American market for its advanced
technologies and management skills.
The New National Express Group, established April 20, 2001, is
the only company approved by the Ministry of Communications for
trans-provincial and trans-regional express transportation
business. It is also a pilot company in China for the large-scale
development of road transportation through intensive operations on
the road network. The company has set up subsidiaries in coastal
cities of east China. Currently, it has more than 300 luxury buses
and 90 routes for passenger transportation.