MTR Corporation announced that the Metro Trains West Consortium, its joint venture with a subsidiary of CRRC Corporation Limited, has been awarded a major contract for the Sydney Metro West project in New South Wales, Australia.
Under the contract, the consortium will supply next-generation metro trains and associated systems. It will also oversee commissioning and operation of the new line, which will connect Parramatta — Sydney's key commercial and residential hub in the west — with the city centre.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.