From a standing start 12 years ago, the China has built 10,000 miles of high-speed track within its borders — longer than the rest of the world’s network combined and enough to stretch from New York to Hawaii and back.
China is bidding for about $18 billion in High Speed 2 project connecting London with northern cities.
China’s railway industry is engaged in infrastructure negotiations with 30 countries, with investments in high-speed rail projects projected set to reach $470 billion. The railway projects for which China is currently negotiations with other countries total 5,000 km in length with total investments of nearly 1 trillion yuan (US$157 billion)
Indonesia is considering China’s bid on a medium speed rail line.
China-made high-speed railway have a maximum speed of 350 km per hour costs around US$17 million to US$21 million per km, compared to the US$25 million to US$39 million for European companies.
China’s “Belt and Road” initiative and the China-led Asian Infrastructure Investment Bank will also provide some of the financing needed for the projects.