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Race to Build California Bullet Train Shows Value of U.S. Market

relates to Race to Build California Bullet Train Shows Value of U.S. Market
Source: California High-Speed Rail Authority

California has set off a global race to supply train cars for the state’s nascent high-speed rail line, a $1 billion contract proponents say could fuel a U.S. manufacturing boom worth far more than that.

The state’s High-Speed Rail Authority is seeking bids to supply 16 trains, each capable of carrying 450 passengers at speeds faster than 200 miles an hour. Germany’s Siemens AG and Canada’s Bombardier Inc. are among nine foreign manufacturers that have told California they are interested in bidding for the contract, which the state will award early next year.