China eyes more overseas high-speed rail projects this year

Posted by ashley arrison,Fri, Jan 22, 2016

China will seek breakthrough in overseas expansion of its high-speed rail and enhance the international competitiveness in 2016, said Sheng Guangzu, general manager of China Railway (CR), the national railway operator, at a recent conference.

China will strive to win several overseas projects, including the high-speed rails from Moscow to Kazan, the US Xpress West high-speed railway project connecting Las Vegas and Los Angeles, Malaysia-Singapore high-speed rail and a railway across South America and Tanzania-Zambia railway.

Improving core technology is also the key task of the CR this year, said Sheng.

China's railway equipment has become the main contributor to promote the capacity cooperation between China and overseas countries. Chinese President Xi Jinping will propose the high-speed rail agreement with Iran during his ongoing visit in the Middle East.

In 2014, the value of deals on railway cooperation exceeded 130 billion yuan, involving six continents.

Currently, the overseas large projects under construction include railways linking China and Laos, China and Thailand, and the rail between Hungary and Serbia.

The 140-kilometer high-speed rail linking Indonesia's capital city of Jakarta and Bandung, which began construction on Jan. 21, 2016, is a milestone in the export of China’s high speed rail. The two sides signed the agreement on Oct. 16, 2015 and it is China’s first overseas high-speed rail project.

Experts believe with China gradually becoming a capital exporter, the CR is expected to explore overseas market in more countries and region. In addition, the further internationalization of the yuan and the establishment of the Asian Infrastructure Investment Bank will also provide strong support for China Railway’s efforts in expanding the overseas market.

Must See Stories from Koblist

Floria Hakimi's husband Navid Hakimi pictures,killed in a plane crashed
Floria Hakimi's husband Navid Hakimi pictures,killed in a plane crashed

Nasim Ghanadan and Lara Shepherd pictures,killed when a small plane crashed into a Staples parking lot
Nasim Ghanadan and Lara Shepherd pictures,killed when a small plane crashed into a Staples parking lot

Floria Hakimi picture, killed when a plane crashed
Floria Hakimi picture, killed when a plane crashed

MaryLinda Moss pictures,had to calm suicidal gunman Trader Joe
MaryLinda Moss pictures,had to calm suicidal gunman Trader Joe

Jairus Ayeta pictures,the ninth victim of California's raging wildfires
Jairus Ayeta pictures,the ninth victim of California's raging wildfires

Charlotte Rae dies at age 92, cause of death has not been revealed
Charlotte Rae dies at age 92, cause of death has not been revealed

Jean Pierre Ndossoka picture,stabbed his two children in Houston
Jean Pierre Ndossoka picture,stabbed his two children in Houston

Kendall Jenner's dog allegedly bit a small child
Kendall Jenner's dog allegedly bit a small child

Ivan Cristotomo pictures,reunited with teen Crystal Allen
Ivan Cristotomo pictures,reunited with teen Crystal Allen

Angel Perez pictures,contracted flesh-eating bacteria is being transferred
Angel Perez pictures,contracted flesh-eating bacteria is being transferred

Other items you might be interested in

Gold Metal Bumper Diamond Rhinestone Diamante Bling Rim Frame Phone Cases Jewel Rhinest Luxury Phone Back Covers For Samsung I9300 I9500

2016 Bluetooth Wireless Keyboard leather case for Ipad 1 2 3 4 5 6 air mini 2 retina Stand Holder Protector Protective Lined With Keyboard

r webcam hd video head super night vision webcam drive free

VW OEM Halogen License Plate Light Fit VW Beetle Polo Golf MK4 Phaeton Lupo 1J6 943 021 B

NEW Iphone 6s Case Clear Soft TPU Gel Skin,iPhone 6s plus Ultra thin Case [0.3mm Crystal Clear] ,Scratch-Proof,Soft Back Case

New Arrive Baby crochet sneakers tennis booties sport first walker shoes cotton yarn 0-12M custom

Transparent Super Marie Snow White Pattern Back Decal Vinyl Skin Sticker for iPhone 6 6s Plus

Hot Sales 2013 New product 500Mbps Powerline Ethernet Adapter with Free Shipping product samsung product outsourcing