New | China in talks with 28 countries on rail projects
Yu Weiping, vice president of CNR, said some of the projects in the 28 countries are in very early stages of discussion
China is in talks with 28 countries including Russia, about high-speed rail projects, state-backed train maker China CNR said on Wednesday.
Yu Weiping, vice president of CNR, said though some of the projects in the 28 countries are in very early stages of discussion.
“(The) promising projects are the one in Russia, Thailand, and India. For the Moscow to Kazan line, China and Russia have formed a task force to work on it,” he said during a visit to one of the company’s factories in Tangshan city in northeastern China.
So far, China has not yet successfully sold high-speed trains that can run at 300 kilometers per hour overseas, although Beijing has been promoting its high-speed rail technology hard.
High-speed railway markets in Southeast Asia and Russia would be the focus of CNR’s expansion this year, said Yu, pointing to the project in Russia and “the line in Thailand.”
For the line connecting Moscow and Kazan, Yu said CNR has submitted the route and local manufacturing plan to Russia. “So far, the successful rate for CNR’s bidding for overseas project is around 50 to 60 per cent,” he said. CNR is facing a number of rivals such as Germany’s Siemens, Alstom of France, Bombardier of Canada among others.