China’s CSR, GE May Bid on California, Florida High-Speed Rail
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CSR Corp., China’s largest maker of rail vehicles, and partner General Electric Co. may bid to build high-speed train lines in California and Florida as U.S. President Barack Obama spurs investment in railways.
The companies may also compete for a project on the east coast, CSR Chairman Zhao Xiaogang told reporters in Hong Kong today. They are yet to finalize what form their cooperation will take and will decide which of the lines to bid on over the next three years, he said.