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China planning high-speed rail networks to Asia, Europe and UK
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| Contributor | particleman |
| Last Edited | particleman Mar 18, 2010 10:21pm |
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| Category | News |
| Author | Lin Edwards |
| News Date | Thursday, March 18, 2010 04:00:00 AM UTC0:0 |
| Description | China is planning high-speed rail networks in the next decade between China, Europe, the UK, Asia and India, with trains running at over 320 kph. Train passengers will be able to travel to Beijing from London's King's Cross station in only two days.
The plans are for three networks. One would connect London and Beijing, traveling via the Channel Tunnel, then continuing on to Singapore, while the second would include Malaysia, Burma, Vietnam, and Thailand. The third would connect China to Russia, Germany and the European rail networks. Wang said they hoped all three networks could be completed within the next ten years, and that negotiations have already started with 17 nations affected by the projected networks, which would be the biggest infrastructure project in history.
Construction of the Asian network has already begun in the southern Yunnan province, and Burma is soon to start construction of its section of the network. China has offered to pay for the Burmese section in return for Burma’s rich lithium reserves.
The biggest issue in the project is money, which would be partly government money, partly bank loans, and the rest raised by the railways from private sector financing or the host countries. Wang said they would prefer host countries to pay in natural resources, as the Burmese are doing, rather than through capital investment. |
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