Three Chongqing trailer trucking companies to get US$1.6 million subsidy

THREE trailer trucking companies in Chongqing taking part in the national pilot programme of highway trailer trucking are to obtain subsidy of nearly CNY10 million (US$1.6 million) from Beijing, Xinhua reports.

The three companies are Chongqing Transportation Holdings, Chongqing Road Transport Group and Minsheng International Container Transportation. These three companies will spend CNY100 million on rolling stock and build a freight station.