CALIFORNIA/ CHINA: A team of Chinese firms, along with the Export-Import (Exim) Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project. The firms expressed their interest last month in a 23-page document sent to the California High-Speed Rail Authority. The authority asked private companies from around the globe to help shape the state’s strategy. Led by China Railway International, the Chinese team proposed it could provide big elements of the project, including design expertise and construction. It also proposed financing from the Exim Bank of China. The United States is a key target for China’s rail industry, even though policymakers have been split over the need for high-speed rail and some have taken a dim view of Chinese involvement.
Published in The Express Tribune, October 18th, 2015.
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