A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 799 km HSR project, People’s Daily Online reports.
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 contribute to the state’s strategy to launch the first stage of its high-speed line, considered the most ambitious infrastructure project in the US.
Led by China Railway International, the Chinese team proposed it could provide big elements of the project, including design expertise, construction, equipment procurement, and rolling stock. It also proposed financing from the Export-Import Bank of China.
By packaging large pieces of the high-speed rail line together, for delivery by a single contractor, the project’s cost and construction timeline would be greatly reduced, the team proposed.
California’s high-speed rail line would run trains at speeds of up to 354 km per hour between Los Angeles and San Francisco by 2029 and, later, expand to San Diego and Sacramento.
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