China has signed agreements to build high speed railway in Turkey, Venezuela and Argentina and are bidding on such projects even in the US, Russia, Saudi Arabia, Brazil and Myanmar.
In India, China is offering to provide guarantee for completing the high speed rail projects within the pre decided time frame and quality of the project. Team of China Railway officials have been visiting India to discuss the project including one team which visited last week.
China could provide bullet trains for six routes in India, including Kolkata-Mumbai and Delhi-Mumbai routes. The building cost of for China built bullet trains is lower than that of Japan, Germany, France, UK and South Korea.
China is ready to invest 400 billion rubles ($10.7 billion) in the construction of a high-speed railway linking Moscow with Kazan, a top Russian rail official said Tuesday, as the Kremlin looks to further strengthen its economic ties with Beijing to offset the effects of its standoff with the West over Ukraine.
China Development Bank, which in April confirmed plans to invest $5 billion in Russia’s Far East, is among the parties ready to stump up the funds for the 800-kilometer-long line, said Alexander Misharin, first deputy president of state-owned monopoly Russian Railways, according to Prime news agency.
Trains with a top speed of 400 kilometers per hour will service the line, cutting the journey time from about 14 hours on regular trains to just 3 1/2 hours.
The overall cost of the project, including the purchase of high-speed trains and the modernization of railway stations, has been set at 1 trillion rubles ($29 billion).
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