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Construction of high-speed rail between L.A., Las Vegas approved by U.S., China

By Catholic Online (NEWS CONSORTIUM)
9/18/2015 (2 years ago)
Catholic Online (https://www.catholic.org)

Project will be first Chinese-made bullet train project in U.S.

A joint venture to build a high-speed railway linking Las Vegas and Los Angeles has been agreed upon. The project will be the first Chinese-made bullet-train project in the U.S.

Signed before Chinese President Xi Jinping's state visit to the U.S., the project is a milestone in China's efforts to market its high-speed rail technology in advanced economies.

Signed before Chinese President Xi Jinping's state visit to the U.S., the project is a milestone in China's efforts to market its high-speed rail technology in advanced economies.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (https://www.catholic.org)
9/18/2015 (2 years ago)

Published in Business & Economics

Keywords: U.S., China, bullet train project, Chinese President visit


LOS ANGELES, CA (Catholic Online) - XpressWest Enterprises LLC, along with a China Railway Group-led consortium are behind the project. According to a statement from Shu Guozeng, an official with the Communist Party's leading group on financial and economic affairs, construction of the 230-mile Southwest Rail Network will begin as quickly as next September.

After four years of negotiations, $100 million in initial capital will support the project. The project's expected cost or completion date has not yet been released.



Signed before Chinese President Xi Jinping's state visit to the U.S., the project is a milestone in China's efforts to market its high-speed rail technology in advanced economies.

China has been pushing the technology primarily in emerging markets chiefly to project political influence. A $567 million contract last October to supply trains for Boston's subway system was China's first rail-related deal in the U.S.

The agreement is seen as an important victory in China's high-speed rail rivalry with Japan. The two countries have competed for train contracts throughout Asia. Japan's largest bullet-train maker, JR Central had expressed interest in the Los Angeles-Las Vegas line several years ago. The nations of China and Japan are both expected to bid to supply train cars for a proposed high-speed rail line in California's Central Valley.

"This is the first high-speed railway project where China and the U.S. will have systematic cooperation," Yang Zhongmin, a deputy chief engineer with China Railway Group says. "It shows the advancement of China-made high-speed railways."


The Los Angeles-Las Vegas project will create new technology, manufacturing, and construction jobs in the region.

China had built more than 10,565 miles of domestic high-speed rail lines, according to the official Xinhua News Agency.

In Africa, China National Machinery Industry Corp. and General Electric Co. signed a memo of understanding to invest $327 million to develop 60 wind power stations in Kenya.

During President Xi's visit, beginning next week, China and the U.S. are expected to reach agreements on trade, energy, climate, finance, aviation, defense and infrastructure construction, China Foreign Minister Wang Yi said this week.

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