IBM to provide services for Chinese rail system
IBM Corp. announced an agreement to provide technology services to Guangzhou Metro Corp., the operator of a rapid transit system in one of China’s largest cities.
Under the agreement, Armonk-based IBM will help Guangzhou Metro manage its information technology systems and its spawling network of four commuter lines, 60 stations and more than 72 miles of rail track. The transit system serves more than two million passengers a day. Financial terms of the agreement were not disclosed.
In addition to the Chinese project, IBM is seeking a share of the $8 billion investment in high-speed rail systems in the United States, according to Bloomberg News. That investment was included in the $787 billion economic stimulus package that was signed into law last month by President Barack Obama.