The Chinese Ministry of Railways, which has the world’s best technology in high-speed rail, had signed a memorandum of understanding with US-based General Electric to advance strategic cooperation in rail projects following US President Barack Obama’s visit to China last November.
Ministry officials said that they had roped in some Chinese companies which signed a separate MoU with the railway authorities in California and would bid for the state’s first high-speed rail project.
The ministry had also penned similar agreements with authorities in Russia and Brazil. The Brazilian authorities and their counterpart had agreed in principle to a deal to build a high-speed rail between Rio de Janeiro and Sao Paulo.
“After the completion of several high-speed rail projects like the Beijing-Tianjin, Wuhan-Guangzhou and Zhengzhou-Xi’an lines in China, many governments around the world are paying more attention at the development of our high-speed rail system,” Chinese Railways vice-minister Wang Zhiguo told a press conference here yesterday.
“Saudi Arabia, India, Myanmar, Cambodia, Laos, Thailand and Poland have also expressed their intention to collaborate with China in their high-speed rail projects,” he added.
China is now #1 in high-speed railways,surpassing Japan, Germany, France. US is lacking behind, looking for China's help.
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