$22-Billion Railway Projects Are Announced
From Times Wire Reports
China announced it would spend $22 billion to build two of the world’s most ambitious railway projects: the nation’s second magnetic levitation train and a high-speed railway linking Beijing and Shanghai.
The announcements had been eagerly awaited by European and Asian makers of railway equipment, which are looking to China for potential sales as the government pushes ahead with plans to add thousands of miles of high-speed lines to its network.
The 820-mile Beijing-Shanghai link will use wheeled trains traveling at up to 220 mph.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
