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MONTREAL (CP) - Bombardier Inc. common stock jumped by 10 per cent Monday as the market reacted to news the transportation giant has been selected to bid on a major railway project in China.

[ Last edited by 我的翅膀 on 2004-8-31 at 08:18 ]

Japan firms among winners of Chinese high-speed rail upgrade

BEIJING (Kyodo) Three consortia involving Chinese, Japanese, French and Canadian firms have won contracts worth a combined 1.34 trillion yen to introduce high-speed trains to existing Chinese tracks, the Xinhua News Agency reported Sunday.
The Chinese Railway Ministry's project is intended to raise the speed of trains to 200 kph on five major existing railway lines, stretching over 2,000 km, starting next year.

One consortium consists of Chinese train manufacturer Nanche Sifang Locomotive Co., based in Shandong Province, and Kawasaki Heavy Industries Ltd., Hitachi Ltd., Mitsubishi Electric Corp., Itochu Corp., Mitsubishi Corp. and Marubeni Corp.

The six Japanese firms are expected to offer a modified version of East Japan Railway Co.'s Hayate Shinkansen bullet train. The tender had been closely watched because it may have an impact on the hotly contested 1,300-km railway project linking Beijing and Shanghai. Japan, France and Germany are all vying for that lucrative contract.

The Japan Times: Aug. 30, 2004

[ Last edited by 我的翅膀 on 2004-8-31 at 08:19 ]

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Japan firms among winners of Chinese high-speed rail upgrade

BEIJING (Kyodo) Three consortia involving Chinese, Japanese, French and Canadian firms have won contracts worth a combined 1.34 trillion yen to introduce high-speed trains to existing Chinese tracks, the Xinhua News Agency reported Sunday.
The Chinese Railway Ministry's project is intended to raise the speed of trains to 200 kph on five major existing railway lines, stretching over 2,000 km, starting next year.

One consortium consists of Chinese train manufacturer Nanche Sifang Locomotive Co., based in Shandong Province, and Kawasaki Heavy Industries Ltd., Hitachi Ltd., Mitsubishi Electric Corp., Itochu Corp., Mitsubishi Corp. and Marubeni Corp.

The six Japanese firms are expected to offer a modified version of East Japan Railway Co.'s Hayate Shinkansen bullet train. The tender had been closely watched because it may have an impact on the hotly contested 1,300-km railway project linking Beijing and Shanghai. Japan, France and Germany are all vying for that lucrative contract.

The Japan Times: Aug. 30, 2004

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  中新网北京8月29日电中国日前通过国内公开招标方式,引进时速200公里的铁路客车动车组制造技术,以进一步实施铁路既有线提速,缓解铁路运输对国民经济和社会发展的“瓶颈”制约。

  据新华网报道,此次招标按照“引进先进技术、联合设计生产、打造中国品牌”的原则,走技贸结合、自主创新的路子。

  评标委员会依据评标办法,经过综合评审,中国北方铁路机车车辆集团所属的长春轨道客车股份有限公司(与法国阿尔斯通公司合作)、中国南方铁路机车车辆集团公司所属的四方机车车辆股份有限公司(与日本川崎重工株式会社合作)、加拿大庞巴迪公司在青岛的合资企业BSP公司三家企业中标。

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Japan firms among winners of Chinese high-speed rail upgrade

BEIJING (Kyodo) Three consortia involving Chinese, Japanese, French and Canadian firms have won contracts worth a combined 1.34 trillion yen to introduce high-speed trains to existing Chinese tracks, the Xinhua News Agency reported Sunday.
The Chinese Railway Ministry's project is intended to raise the speed of trains to 200 kph on five major existing railway lines, stretching over 2,000 km, starting next year.

One consortium consists of Chinese train manufacturer Nanche Sifang Locomotive Co., based in Shandong Province, and Kawasaki Heavy Industries Ltd., Hitachi Ltd., Mitsubishi Electric Corp., Itochu Corp., Mitsubishi Corp. and Marubeni Corp.

The six Japanese firms are expected to offer a modified version of East Japan Railway Co.'s Hayate Shinkansen bullet train. The tender had been closely watched because it may have an impact on the hotly contested 1,300-km railway project linking Beijing and Shanghai. Japan, France and Germany are all vying for that lucrative contract.

The Japan Times: Aug. 30, 2004

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China taps Japan, France, Canada for high-speed rail technology
China's Railway Ministry has awarded contracts for upgrading key railway lines to six firms, including Kawasaki Heavy Industries Ltd. of Japan, Alstom SA of France and Bombadier Inc. of Canada, state media reported Monday.

The deals, part of a US$12 billion (euro 10 billion) project to double the speed of trains on five railway lines to 200 kilometers (125 miles) per hour, mark the first major transfer of Japan's "Shinkansen," or bullet train, technology to China, the official Xinhua News Agency said.

Kawasaki Heavy Industries' successful bid was made with Chinese partner Nanche Sifang Locomotive Co. It is expected to involve a modified version of the bullet train, which runs at a maximum speed of 275 kilometers (172 miles) per hour, the reports said.

Alstom is teaming up with Changchun Railway Vehicles Co., they said.

Alstom's TGV, or Train a Grande Vitesse, operates at a top speed of 350 kilometers (218 miles) per hour.

The third contract went to Bombadier and joint venture partner Bombadier Sifang Power (Qingdao) Transportation Ltd., or BSP.

The companies were chosen for the technology, design and production expertise they would be able to provide to China and Chinese companies, Xinhua said.

Five railway lines are to be upgraded, stretching over 2,000 kilometers (1,250 miles). They include a line between Beijing and the northeastern city of Shenyang and another connecting Qingdao and Jinan, two major cities in eastern China's Shandong province.

The reports did not clearly indicate which companies were awarded which projects.

The projects do not include a planned 1,120-kilometer (700-mile) high-speed trunk line between Beijing and Shanghai. That project, due to open bidding later this year, falls under the aegis of the government's National Development and Reform Commission.

Japan, France and Germany have all lobbied Beijing hoping to win contracts for that project, forecast to cost as much as 120 billion yuan (US$14 billion; euro 12 billion).

Chinese officials say they have not settled on what sort of technology to use for the new rail link, but that they plan to open the project to international bidding once a decision is reached.

The Railway Ministry has said China needs to spend 2 trillion yuan (US$240 billion; euro 200 billion) on expanding the rail system, which is operating at full capacity and can only handle about a third of current demand for cargo transport.

China began raising the speed at which trains operate in 1997. The most recent upgrade took the average speed for the fastest lines to 160 kilometers (100 miles) per hour.

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