Chinese firm to buy 351 bullet trains

Beijing, July 17 (IANS) A Chinese railway firm has opened tenders for 351 bullet train’s worth a staggering $10.6 billion.

China Daily reported that state-owned China Railway Investment Corp has opened tenders for what it claims is the largest train order in history.

As many as 228 bullet train’s will have to reach a maximum speed of 350 km per hour, and 123 trains will need to run at 250 kilometers per hour, said CRIC, a subsidiary of China Railway Corp.

Experts estimate the tenders could be worth more than 66 billion yuan ($10.6 billion).

The tenders are for China-based makers only, the media report said.

The demand for rail in China has witnessed considerable growth.

A 350-kmph bullet train normally costs around 370 million yuan, and there is likely to be more demand for those than for the 250-kmph models, a source was quoted as saying.

Construction of China’s high-speed rail network began in 2007.

The country has over 16,000 km of high-speed rail at the end of 2014.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here