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Chinese firms want to build, finance California high-speed train [View all]
Source: Reuters
US | Fri Oct 16, 2015 10:05pm EDT
Chinese firms want to build, finance California high-speed train
SAN FRANCISCO | BY ROBIN RESPAUT
A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project.
The firms expressed their interest last month in a 23-page document sent to the California High-Speed Rail Authority. The authority asked private companies from around the globe to help shape the state's strategy to launch the first stage of its train line, considered the most ambitious infrastructure project in the United States.
Led by China Railway International, the Chinese team proposed it could provide big elements of the project, including design expertise, construction, equipment procurement, and rolling stock. It also proposed financing from the Export-Import Bank of China.
By packaging large pieces of the high-speed rail line together, for delivery by a single contractor, the project’s cost and construction timeline would be greatly reduced, the team proposed.
[font size=1]-snip-[/font]
Chinese firms want to build, finance California high-speed train
SAN FRANCISCO | BY ROBIN RESPAUT
A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project.
The firms expressed their interest last month in a 23-page document sent to the California High-Speed Rail Authority. The authority asked private companies from around the globe to help shape the state's strategy to launch the first stage of its train line, considered the most ambitious infrastructure project in the United States.
Led by China Railway International, the Chinese team proposed it could provide big elements of the project, including design expertise, construction, equipment procurement, and rolling stock. It also proposed financing from the Export-Import Bank of China.
By packaging large pieces of the high-speed rail line together, for delivery by a single contractor, the project’s cost and construction timeline would be greatly reduced, the team proposed.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/2015/10/17/us-california-rail-china-idUSKCN0SB01C20151017
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