Monday, September 28, 2009

Big Train

The lack of a domestic passenger rail industry has its disadvantages.

Bombardier Inc.'s (BBD.B.T) Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd., has received a $4 billion contract to build 80 high-speed trains for China's Ministry of Railways.

The Montreal plane and train maker's share of the contract is estimated at $2 billion.

The Bombardier joint venture will supply 80 ZEFIRO 380 high-speed trains, which will include a total of 1,120 rail cars, for China's growing high-speed rail network. China is developing more than 6,000-kilometers of new high speed lines to create one of the most advanced high-speed rail networks in the world.

Never fear, though, I imagine we'll be the "greatest country in the world" for a very long time.