China Courts India to Build High-Speed Railways
Charissa Echavez | | Apr 23, 2016 09:18 AM EDT |
(Photo : Getty Images) China Railways International consisted of various companies including China State Construction Engineering, CRRC and state-owned China Railway Group
China is wooing India to establish high-speed railways (HSRs) on other proposed routes, saying that it is equipped with the technology and expertise that can be beneficial for India's economy and people.
Even though Japan has won India's 505-km track from Mumbai to Ahmedabad, China is seeking possibilities of partnering with them for other potential routes. It is conducting feasibility studies of putting a high-speed rail line on the 2,200-km Chennai-New Delhi route and another 1,200-km New Delhi-Mumbai tract.
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According to Zhao Guotang, the China Railway Corporation's vice general engineer, its studies were "progressing well," and they are looking forward to doing business with the country real soon. If realized, its proposed Chennai-New Delhi route will be the world's second largest, next to the 2,298 km Beijing-Guangzhou line that was opened in 2013.
India accepted Japan's offer because of easier loan terms. China, on the other hand, may not have concessional terms but committed to offer expertise and technology that is more compatible with India and other South Asian nations.
"We share a lot of similarities with India and other Southeast Asian countries in terms of the large population and the fact we are all developing countries," Zhao said.
Zhao emphasized that the project is not merely based on terms but also on the speed with which the project is executed. He said that China has established more than 1,000 km of such tracks in the last 10 years, whereas Japan has only made 350 km.
As China has been experiencing its worst economic growth in 25 years, the country is making aggressive attempts to win other nations into selling its HSR technology. The country is also seeking opportunities from other neighboring nations such as India, Indonesia, Malaysia, Singapore, and the Philippines.
TagsIndia, Chennai, china, Japan, high speed railways
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