27.11.12

India & China sign High Speed Train agreement


A year after India and China agreed to cooperate in the rail sector, New Delhi signed its first agreement with Beijing during the second round of bilateral strategic economic dialogue (SED).
India hopes to get Chinese investment to build high-speed passenger trains as well as upgrade and modernize railway stations and import newer technology in the sector, particularly on heavy haulage. India and Japan have signed a similar agreement to introduce high-speed trains in the Mumbai-Ahmedabad sector. But sources said the Japanese project was taking a while, and they hoped the Chinese would be able to deliver a better system faster. The agreement came at a time when railways has cleared six high-speed rail corridors in various parts of the country.

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