Chinese firms want to build, finance California high-speedtrain
SAN FRANCISCO (Reuters) - A team of Chinesefirms, along with the Export-Import Bank of China, wants to build and finance alarge part of California’s proposed 800-mile high-speed rail project.
The firms expressed their interest lastmonth 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 thestate's strategy to launch the first stage of its train line, considered themost ambitious infrastructure project in the United States.
lightening 3 hours ago 1 50
I really like this. The greatest country inworld history cannot develop and finance its own high-speed rail. What is wrongwith this picture? Is this Americaand are we Americans? We can send things to distant galaxies, but we can'tbuild things that move people from place to place here at home? But we willborrow untold sums to fight any war, anywhere anyplace, anytime. How does that(even) begin to make sense!
Eric 4 hours ago 9 9
Who's going to pay ~ $80-$100 per day toride this thing, not me!
Charlie 5 hours ago 3 25
Amusing, Chinabuilding a railroad in the U.S.with our money.
MACAN 3 hours ago 11 5
We don't want a high-speed-train. Who willbenefit? So you take a train from LA to SF. When you debark, you still need avehicle to get around.
I enjoy driving in California. Business people fly anyway. Thecountries with HSR don't have the infrastructure which California has to support road travel.
I'm 77 now and I'll probably be pushing updaisies by the time 2029 comes around. Unfortunately, my property and Stateincome taxes will be paying for this until I die.
Keep the Chinese out of our business.
Mr. Facetious 5 hours ago 10 8
Dump the train. It's a nightmare of foreverescalating costs. Not to mention, nobody, seriously nobody, other than GovernorMoonbeam wants it.
Sam Power 5 hours ago 7 3
I support high speed rail, but I don'tsupport bringing in Chinese workers to do it, they will never leave, they willall stay.
Mike 5 hours ago 4 5
This project will never get off theground.. Every now and then it comes up because the casinos want it. The costof the project is so high, investors will never come close to getting theirmoney back.
I worked on preliminaries as far back asthe early '70s and the result is always the same.. No one has the money and itwould be like a white elephant,
J L 1 hour ago 3 8
Ok, did we forget how bad of a job the didon the San Fran bridge!?!? Rusted bolts and God only knows what cost cutting bsthey did!? You get what you pay for, the money will also go to China,as if they didn't have enough irk our money. Ps I work for the state,contractors are always skimming, we have to watch them like a hawk but withmassive projects it's almost impossible to catch them. They can only test somany bolts, not everything is checked, cat be unfortunately.
Richard 5 hours ago 2 12
The Chinese in 2013 built a stadium for Costa Rica in San Jose,everything including the workers came from China, they lived on the site insmall houses with gardens so not a nickle was spent in the local economy. Theonly benefit went to China.
Em yeu 3 hours ago 1 8
It would be a disgrace if California outsources this project.
DonneMairi 3 hours ago 3 2
High speed rail up the I-5 corridor from San Diego to Seattlewould e great. However, not Chinese built. Look at the problems with thematerials from China used onthe Bay Bridge. I've ridden on Japan's BulletTrains. They are amazing: clean on time, fast, without the hassle of airportsor driving.
SwineFlew2 3 hours ago 4 0
High-speed train in Commie-fornia is a badidea, due to frequent earthquakes.
The US Midwest is a better location.
Tyr 1 hour ago 0 6
I find the irony of this when Chinese laborwas used to build our railroads and now in the 2000s China is financing our railroads.