China orders 40 high-speed trains from Bombardier unit

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by Staff Writers
Paris (AFP) Oct 31, 2007
China has ordered 40 high-speed trains from the Canadian firm Bombardier and its Chinese partner for 1.0 billion euros (1.44 billion US dollars), Bombardier said in a statement received here.

It said the order won by Bombardier Sifang Power Transportation (BSP) "is the largest ever for a passenger train in the history of the Chinese rail sevtor."

Initial deliveries of trains, which will comprise 640 individual cars, are scheduled for February 2009.

BSP is a joint venture grouping Bombardier Transport, Power Corporation of Canada and China South Locomotive and Rolling Stock Industry Corporation.

The new trains will be able to travel at speeds up to 250 kilometers (155 miles) an hour.

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New foreign-funded firm to pay for Beijing-Shanghai railway

Shanghai (AFP) Oct 25, 2007
A new investment firm funded by Chinese and foreigners will be tasked with providing up to 30 billion dollars to build a high-speed rail line linking Beijing and Shanghai, state press said Thursday.

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