India Plans HighSpeed Rail Project with China

12/1/2014 6:32:04 AM

(MENAFN- Qatar News Agency) November 26 (QNA) - China is in discussions with India to help it build the world's second-longest high-speed railroad with a price tag of 200 billion yuan ($32.6 billion) its latest efforts to push for a bigger share of the overseas high-speed market.

The Delhi-Chennai high-speed rail corridor will see trains running at 300 km/h covering up to 1754 kilometers.

The railway is proposed to be developed jointly with China home to the world's longest high-speed rail line - between Beijing and Guangzhou several Indian media organizations reported over the weekend citing senior officials with India's Ministry of Railways.

China Daily could not independently confirm the news as information officials with China's National Railway Administration China Railway Corp and China Railway Construction Corp all declined to comment.

However the stock value of rail infrastructure construction companies rose sharply with China Railway Construction Corp and China Communications Construction both up by more than 9 percent on the Shanghai Stock Exchange. (QNA)

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