Yellow Light for High-Speed-Train Deals in Asia

Kawasaki, Siemens, and Alstom have picked up juicy contracts, but China and Korea are focused on their own systems, while India balks at the cost

The launch of the new $15 billion Taiwan High Speed Rail service, built with imported Japanese high-velocity-train technology, on Jan. 5 once again confirmed the Asia's economic dynamism. And global engineering and transportation companies sure hope the Taiwanese bullet train (which will cut travel time between Taipei and the southern port city of Kaohsiung from four hours to 90 minutes) heralds the start of a 21st century build-out of the region's public rail transport systems.

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