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Chinese trains on California tracks

09-14-2010 15:24 BJT

BEIJING, Sep. 14 (Xinhuanet) -- The Ministry of Railways on Monday signed a Memorandum of Understanding (MOU) with the Bay Area Council for investing in California's future high-speed rail network.

Under the MOU, the council will provide assistance and consultancy services on high-speed railway construction to the Ministry of Railways and other companies under the ministry.

The Bay Area Council is a business-sponsored organization comprising 275 large companies in Los Angeles and the Silicon Valley in California.

The agreement was inked during California Governor Arnold Schwarzenegger's visit to China. "We look to China to build our high-speed rail, to be part of the bidding process that we are going to go through," Schwarzenegger was quoted by Reuters on Monday in a speech made in Shanghai.

High-speed trains park at a railway station in Beijing. The Ministry of Railways
has signed a memorandum of understanding with the Bay Area Council to develop a
high-speed rail system in California, United States.(Source: China Daily)

"Many countries will be bidding to build our high-speed rail, (and we plan) also to look for financing from China," Schwarzenegger said.

California was recently given permission to construct a high-speed railway between Los Angeles and San Francisco at an estimated cost of over $40 billion by 2020.

Schwarzenegger, accompanied by Ministry of Railways officials, took a high-speed train in Shanghai on Sunday to gain first-hand experience.

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