Report: China to bid for California high-speed train

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Report: China to bid for California high-speed train

08:51, September 16, 2010      

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China can offer a "complete package," including financing as it competes to build a high-speed railway in California costing more than $40 billion.

"What other nations don't have, we have," He Hua-wu, the ministry's chief engineer, said in Beijing on Tuesday. "What they have, we have better." He declined to elaborate further on how much financing may be available， The Bloomberg reported Wednesday.

California Governor Arnold Schwarzenegger this week rode on bullet trains in China, Japan and South Korea as the state seeks contractors and financing to build the planned network linking Los Angeles and San Francisco. There will probably be about 10 bids to choose from, according to the state agency overseeing the project.

"When you make a decision like that, you look at the financing aspect of it," Schwarzenegger told reporters in South Korea.

Japan said that it was prepared to offer funding for the project through the state-owned Japan Bank of International Cooperation. East Japan Railway Co may be among bidders for the California line, along with European train makers Alstom and Siemens, The Bloomberg reported.

CSR Corp. and China CNR Corp., the two biggest train makers in China, are seeking overseas contracts as China tries to boost high-technology exports to reduce its dependence on low-wage products.

China's He said China's competitive advantage in the California rail project include trains that travel 350 km per hour and experience from building a 6,920 kilometer high-speed rail network.

China will have twice as much high-speed rail track as the rest of the world combined by 2014 under a 2 trillion yuan nationwide investment project.

California's planned network would haul passengers between Los Angeles and San Francisco in 2 hours and 38 minutes. The journey takes six to eight hours by car or about one hour by plane. The state is trying to create jobs, stimulate its economy and cut traffic congestion by building the high-speed rail network that will eventually link San Diego, Los Angeles, San Jose and San Francisco.

By People's Daily Online

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