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Indiaexportnews.com

China makes preliminary bid to build high-speed LA-San Francisco train

  31.10.2014    

China is trying to sell the State of California on buying its high-speed trains, having already built the world's longest and most extensive network over the last seven years, Reuters reports.
State-backed China CNR Corporation now rivals sector leaders like as Germany's Siemens, Canada's Bombardier and Japan's Kawasaki.
China's CNR, its unit Tangshan Railway and US-based SunGroup USA, are bidding for California's $68 billion high-speed rail project for a contract to supply up 95 trains that can do 221 miles per hour.
The California High Speed Railway Authority, which will later issue formal requests for proposals, is now considering various preliminary bids from all over the world.
California openly seeks Chinese investment in the 800-mile rail line from Los Angeles to San Francisco, with state Governor Jerry Brown having met Chinese rail officials in April last year.
No estimates for the contract's value have been published, but in its 2014 business plan the California High Speed Railway Authority estimated each trainset would cost $45 million, based on a purchase of 70 vehicles.
China, having built 750 miles of high-speed track in less than a decade, and facing difficulty raising slow-return railway investment is anxious to export its technology and expertise.
China has made such preliminary bids in Turkey, Saudi Arabia and Venezuela, but has yet to sell a high-speed train.
A Chinese consortium was the bidder to build a 130-mile high-speed rail line in Mexico, said the Mexican government.



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