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China to bid on US high-speed rail projects

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  • Member since
    September 2005
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China to bid on US high-speed rail projects
Posted by Lyon_Wonder on Saturday, March 13, 2010 7:27 PM

http://finance.yahoo.com/news/China-to-bid-on-US-highspeed-apf-4135137999.html?x=0&sec=topStories&pos=3&asset=&ccode=

BEIJING (AP) -- China plans to bid for contracts to build U.S. high-speed train lines and is stepping up exports of rail technology to Europe and Latin America, a government official said Saturday.

China has built 4,000 miles (6,500 kilometers) of high-speed rail for its own train system and President Barack Obama issued a pledge in November with his Chinese counterpart, Hu Jintao, to cooperate in developing the technology.

"We are organizing relevant companies to participate in bidding for U.S. high-speed railways," Wang Zhiguo, a deputy railways minister, told a news conference.

Wang gave no details of where China's railway builders might seek contracts, but systems are planned in California, Florida and Illinois. He said state-owned Chinese companies already are building high-speed lines in Turkey and Venezuela.

  • Member since
    February 2002
  • From: Muncie, Indiana...Orig. from Pennsylvania
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Posted by Modelcar on Saturday, March 13, 2010 7:47 PM

I suppose that should be no surprise.....I sure hope the powers to be in this country, get a heads up and see just what all this will mean for us....Good or bad...?  Construction will be construction, but we must make sure people in this country are involved with putting people {our people}, to work on such projects.  Companies and people.

It seems this long simering thought....{HSR}, is beginning to awake....If and when it does, surely it must be contracted to benefit our people.  The construction, engineering businesses and all else that will be needed.

Quentin

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