By the end of the first quarter 2009, the approved Chinese railway investment exceeds $292 billion including more than $175 billion investment in the process projects. The data shown in the recent “Research Report on the Investment in Chinese Railway Transport Industry, 2009” indicates that China plans to construct 40-thousand-kilometer railways with the total investments of over $730 billion by 2012.Is this real? Seems insane. I know they don't have to go through the environmental processes we do but that seems crazy. But if not, time to step up. Siemens AG will get a $1B train order while the United States sucks its Amtrak thumb.
Wednesday, May 20, 2009
1,000 High Speed Trains
When China stimulates, it's with trains. Where did that trillion dollars go for our stimulus?