Multinationals to Invest in China's High-speed Railways
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[May 29, 2006]

Multinationals to Invest in China's High-speed Railways

(SinoCast Via Thomson Dialog NewsEdge)BEIJING, May 29, 2006 (SinoCast via COMTEX) --From 2006 to 2010, China will build up the world's largest high-speed railway network, which will have passenger lines of as long as 7,000 kilometers, exceeding the combined lengthen of the global high-speed railways.



According to the long-term plan, China's operating railway lines will increase from the current 70,000 kilometers to 100,000 kilometers in 2020, including 12,000 kilometers of high-speed passenger lines. So China should construct 800 kilometers of high-speed railway lines every year in the coming 15 years.

The international rail communications giants are staring at the big pie and announce that they will double efforts in technology transfer and look for opportunities to invest in the high-speed railway construction in China.



Siemens Transportation Systems (China) definitely reveals that Siemens is willing to cooperate with Chinese companies to invest in the Chinese high-speed railway field via the public private partnership (PPP) mode.

In fact, insiders forecast that China will face a capital shortage of nearly CNY 150 billion (USD 1 = CNY 8.02) for the high-speed railway construction from 2006 to 2010.

From China News, Page 1, Friday, May 26, 2006
info@SinoCast.Com

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