I have no doubt the Chinese could do it just like they did in China. However, safety has much more become an issue there regarding this type of train there. In other words there likely are no liability laws in China at all. So, since there are 1.4 billion people there if a few go missing it's basically no big deal (Unless) they are members of or relatives of someone in the Chinese Communist party that rules China.
However, having China finance the California High Speed Train might be a good idea if someone actually reads the fine print before they sign the loan papers and makes sure everything is in order and useful to California.
I think a High Speed train in California would be great because usually on trains there is no searching your baggage. Though the trains might hit something they won't impact the ground at 500 miles per hour like planes often do. (just at 200 miles per hour or something like that). So, at 200 mph on the ground you have more chance to survive a mishap than at 500 mph crashing from the air.
For example, in France in 2009 on the TGV which is high speed rail travel in France I could travel from Paris to Nice with my family quicker than flying there because I didn't have to deal with going 2 hours before my flight for security inspections and then wait for my plane to take off. So, I could take a high speed train to Nice quicker than I could fly there when everything time wise was included. So, high speed rail is usually both cheaper and faster than flying most places because of this if you are traveling under around 600 miles at the time. At 200 miles an hour 600 miles is only 3 hours by high speed train.
Chinese firms want to build, finance California high-speed train
| Yahoo News | - |
SAN FRANCISCO (Reuters) - 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 800-mile high-speed rail project.
Chinese firms want to build, finance California high-speed train
By Robin Respaut
October 16, 2015 10:05 PM
CRH380 (China Railway High-speed) Harmony bullet trains are seen at a high-speed train maintenance base …
By Robin Respaut
SAN FRANCISCO (Reuters) - 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 800-mile
high-speed rail project.
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 help shape the state's strategy to launch the first stage of its train line, considered the most ambitious infrastructure project in the United States.
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.
“To the Chinese team, a relatively large-scale contract is proper and reasonable,” said the letter, obtained by Reuters through a Public Records Act request.
California’s high-speed rail line would run trains at speeds of up to 220 miles per hour between Los Angeles and San Francisco by 2029 and, later, expand to San Diego and Sacramento.
The United States is a key target for China's rail industry, even though policymakers have been split over the need for high-speed rail and some have taken a dim view of Chinese involvement. Last month, a unit of China's CRRC Corp, the world's biggest train maker by revenue, agreed to a deal to help build a high-speed link between Las Vegas and Los Angeles.
California still needs a large amount of funding to complete its rail line. About $13.2 billion of the estimated $68 billion has been raised through state and federal funds, plus a pledge of cap-and-trade proceeds, or funds paid by companies to offset carbon emissions.
The Chinese team proposed that under “appropriate loan conditions," the Export-Import Bank of China could "satisfy the financing needs of the project.”
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 help shape the state's strategy to launch the first stage of its train line, considered the most ambitious infrastructure project in the United States.
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.
“To the Chinese team, a relatively large-scale contract is proper and reasonable,” said the letter, obtained by Reuters through a Public Records Act request.
California’s high-speed rail line would run trains at speeds of up to 220 miles per hour between Los Angeles and San Francisco by 2029 and, later, expand to San Diego and Sacramento.
The United States is a key target for China's rail industry, even though policymakers have been split over the need for high-speed rail and some have taken a dim view of Chinese involvement. Last month, a unit of China's CRRC Corp, the world's biggest train maker by revenue, agreed to a deal to help build a high-speed link between Las Vegas and Los Angeles.
California still needs a large amount of funding to complete its rail line. About $13.2 billion of the estimated $68 billion has been raised through state and federal funds, plus a pledge of cap-and-trade proceeds, or funds paid by companies to offset carbon emissions.
The Chinese team proposed that under “appropriate loan conditions," the Export-Import Bank of China could "satisfy the financing needs of the project.”
But
the Chinese also warned that California should provide additional public
financing and guarantee future project debt to appease uneasy
investors.
“Due
to the huge financing gap of the project, potential private investors
and lenders may be cautious,” the Chinese team wrote.
China
has recently clinched contracts in Russia, the latest in an aggressive
push to procure high-speed rail deals overseas. It faced hurdles
in Mexico and Indonesia due to bureaucratic flip-flops in those
countries.
(Reporting by Robin Respaut; Editing by David Gregorio)
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