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Article: China : China orders 80 "very high speed" trains in $4bn deal.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
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As politicians in the US and UK continue to debate the merits of building high-speed rail networks, China is threatening to leave them stuck in a siding with plans for over 6,000km of high-speed rail lines and a new order for 80 trains with a top speed of 380km per hour.
Canadian engineering giant Bombardier announced this week that a joint venture between its transportation arm and China-based rail firm CSR Sifang has secured a $4bn ([pounds sterling]2.5bn) contract to provide the Ministry of Railways with 80 of the Zefiro 380 model, termed "very high speed".
Bombardier, which is expected to secure $2bn in revenue though its share of the contract, said ...