China to sell bullet train technology
February 2nd, 2011 - 3:40 pm ICT by IANSBeijing, Feb 2 (IANS) China is ready to sell its high-speed bullet train technology to other countries, authorities said.”China is willing to export the high-speed rails technology to any country that wants to buy,” Wang Yongping, spokesperson of the ministry of railways, told the Global Times. “We own the most advanced technology of high-speed rails.”
The statement came after British daily The Sunday Times reported that Chinese-made bullet trains would hit the rails in Britain by 2025.
The bullet train, unveiled in December last year, can run at the speed of up to 486 km per hour.
The report said China’s ambassador to Britain, Liu Xiaoming, met with British ministers to discuss a deal and convinced them that China could supply the advanced trains at a much lower cost.
Britain needs 120 bullet trains for the 30 billion pounds ($47.6 billion) high-speed rail project that will connect London to other major cities, such as Manchester, in 2025, the report said.
The cost for 120 high-speed trains from Western producers, such as Siemens, Bombardier and Alstom is 4 billion pounds ($6.3 billion), but Chinese trains cost only half that, the report said.
Wang, however, declined to comment on negotiations with Britain.
- Chinese wary of high-speed railway - Jul 26, 2011
- China, Myanmar plan high-speed rail link - Nov 22, 2010
- Chinese train breaks speed record - Dec 03, 2010
- Britain may go in for China's high-speed bullet trains - Feb 17, 2011
- China to continue developing high speed trains - Mar 11, 2012
- China lowers speed limit of bullet trains - Aug 11, 2011
- China fires railway officers over train crash - Jul 25, 2011
- Spanish group wins Saudi rail contract - Oct 27, 2011
- Bullet train rides in China pinch travellers - Jan 13, 2011
- 'China's expensive high-speed rail network to increase pressure on road transportation' - Jan 12, 2011
- China to spend $630 bn on railways in 2012 - Dec 23, 2011
- China reveals train that clocks record 262 mph speed - Oct 26, 2010
- Malaysia launches Chinese-made trains - Mar 08, 2012
- China to double bullet trains production this year - Jan 29, 2010
- China's bullet train trip begins - Jun 30, 2011
Tags: advanced technology, alstom, ambassador, beijing, bombardier, british ministers, bullet train, bullet trains, feb 2, global times, high speed rail, high speed rail project, high speed trains, liu, major cities, railways, speed bullet, spokesperson, sunday times, western producers