Leaving Las Vegas: Chinese state railway companies to build US high-speed link from ‘Sin City’ to LA
Work on joint venture for 370km high-speed line linking Las Vegas to Los Angeles could start in 2016 and is part of mainland’s pursuit of overseas high-speed rail deals
A consortium of Chinese state rail companies has teamed up with an American company to build a high-speed rail line in the United States, with work possibly starting as early as September 2016.
It is the latest push by Beijing to export its high-speed rail technology and tap lucrative offshore markets.
China Railway International USA and the private rail venture, XpressWest, said in a joint statement on Thursday that they would form a joint venture to accelerate the launch of a high-speed rail linking the western cities of Las Vegas with Los Angeles.
If this opens up the United States market for [Chinese rail firms], opportunities for future expansion will increase. And if [their technology] is used in the US, it will be easier for them to sell to other countries
The deal marks the latest attempt in China’s increasingly aggressive pursuit of overseas high-speed rail deals after the country built the world’s longest network in less than a decade.