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Chinese Joint venture loggerheads for California High Speed Rail Construction


California high-speed rail – the most sought after construction project in the States may be get its shape by the Chinese firms.

 

A recent report published by the South China Morning Post and republished by the Sacramento Business Journal indicated that two of China’s largest rail construction manufacturers are up with the deal and mulling the possible joint venturing (JV) partnership.

 

China's CSP Corp. and a subsidiary of CNR Corp. were among 10 global companies that indicated groundwork and prior interest in October for building trains for California's project. The list of interested companies also includes Siemens Industry Inc., which has said a winning contract would bring hundreds of jobs to its Sacramento plant. The companies may submit bids sometime next year, said the California High-Speed Rail Authority.

 

Allen Young, the staff writer of the Sacramento Business Journal has earlier indicated in his article that the California High-Speed Rail Authority took its first formal step Thursday to procure trains, asking rail manufacturers to submit interest letters for an initial order of up to 95 sets of engines and cars. The trains must be capable of transporting passengers from San Francisco to Los Angeles in less than three hours. The request for "expressions of interest" also allows rail manufacturers to describe how they would develop facilities to house and maintain the trains, which would each have a minimum of 450 seats.

 

A JV of the two Chinese firms could lift China's bid to win the contract, though the offer could still be lower than bids from international competitors, an analyst told the South China Morning Post in their report. Any company rewarded the California's contract would have to construct the bullet trains in a U.S. plant under terms of federal funding for this construction project.

 

Nevertheless, the authority is hosting an open house in Fresno on Thursday to update the public on the project's design, right of way and business opportunities, according to the Fresno Bee. The authority is evaluating bids from three construction teams for its second construction segment from Fresno to the Tulare-Kern county line.

 

Reference for Information : Sacramento Business Journal

California Construction News

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