Not Shinkansen ? India plans high-speed rail project with China

[AgentOrange]

India plans high-speed rail project with China

By ZHONG NAN (China Daily)
Updated: 2014-11-25 07:06


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A high-speed bullet train runs from Urumqi South Railway Station to Hami city, Xinjiang, in this Nov 16 file photo. [Photo/Xinhua]


If confirmed, proposal would expand country's overseas market

China is in discussions with India to help it build the world's second-longest high-speed railroad with a price tag of 200 billion yuan ($32.6 billion), its latest efforts to push for a bigger share of the overseas high-speed market.

The Delhi-Chennai high-speed rail corridor will see trains running at 300 km/h, covering up to 1,754 kilometers.

The railway is proposed to be developed jointly with China, home to the world's longest high-speed rail line - between Beijing and Guangzhou - several Indian media organizations reported over the weekend, citing senior officials with India's Ministry of Railways.

Hindustan Times reported that a high-level Indian railways team would visit Beijing on Monday to complete formalities for the project's feasibility study.

The team, comprising officials of the High Speed Rail Corp and the Rail Vikas Nigam Ltd, will sign an agreement with Chinese counterparts, the report said.

"The study on the Delhi-Chennai line can be expected to begin early next year", the report said, citing unnamed ministry officials.

China Daily could not independently confirm the news on Monday, as information officials with China's National Railway Administration, China Railway Corp and China Railway Construction Corp all declined to comment.

However, encouraged by the speculation of this big-ticket rail project between China and India, the stock value of rail infrastructure construction companies rose sharply on Monday, with China Railway Construction Corp and China Communications Construction both up by more than 9 percent on the Shanghai Stock Exchange.

The project is part of Indian Prime Minister Narendra Modi's "diamond quadrilateral" project that aims to build a network of high-speed trains between cities including Delhi-Mumbai, Mumbai-Chennai, Chennai-Kolkata, Kolkata-Delhi and Mumbai-Kolkata, according to Indian media.

Feng Hao, a researcher at the Institute of Comprehensive Transportation at the National Development and Reform Commission, said if the deal is made, the project opens the door for Chinese companies to provide new railway design, tracks made of durable materials, automated signaling for faster trains and modern stations that India’s British-built rail system desperately needs.

India has added 11,000 kms of track in the 67 years since its independence.

China, whose operating rail mileage exceeded 100,000 km by the end of 2013, including 10,000 km of high-speed railroads, is pushing for a bigger share of the lucrative high-speed train market in India and other parts of the world.

"Chinese investment will also help narrow the trade deficit with India, which hit $31 billion in 2013," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.

China pledged to offer investment opportunities and technical assistance in India's rail network to help the country improve transportation during President Xi Jinping's visit to India in September.

Diao Chunhe, president of China International Contractors Association, which helps Chinese companies explore new business in overseas markets, said Chinese rail construction companies are attractive to foreign governments and business partners, because unlike their competitors in Canada, Germany, South Korea and Japan, they come with their own funding model.

"They are capable of coordinating finance for projects through Chinese institutions such as the Export-Import Bank of China or China Development Bank," said Diao. "They also do not generally seek sovereign guarantees when working with local partners."

Also on Monday, Mexican Communications and Transportation Minister Gerardo Ruiz Esparza met Chinese officials to discuss the cancellation this month of a $3.75 billion high-speed rail contract that had been awarded to a CRCC-led consortium, the sole bidder.

Ruiz Esparza discussed Mexican plans to build a $10 billion state-owned and privately operated mobile network with Chinese help, according to a ministry statement.

The Mexican government has already received a bid for the project. The country is aiming to publish the initial terms of the tender to build and run the network in December.

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That's right, earn $32.6 billion from Indian pocket. What will Indian member in PDF say, China CRH crap again ?

Better build handles on the roof. People will need something to grab onto if they're going 300km/h.

 

[AgentOrange]

Guys，don't get excited! According to the chief engineer of Chinese high speed rails，India doesn't have money to pay or have material resources to exchange for Chinese involvement, so most likely it'll be built on China's merciful loans. It'd be a bad investment for China in the end.

"中国工程院院士王梦恕在接受记者采访时表示，印度没有高速公路，运输主要靠铁路。实际上印度已经跟中国就高铁问题谈过数次，但他们既没有钱支撑建设，又没有资源可以跟中国交换，所以资金是其高铁发展的最大问题。"

If China is to do this (big mistake, IMO), China should get the finances sorted out beforehand. Furthermore, China should ensure the safety of its workers from rape. The Australian fireworks company responsible for the Commonwealth games is still fighting to get paid, last I heard. Indian officials are notorious deadbeats.

 

[dil_dil]

I think it can achieve this in 2020 itself,u are wrong

sardar its possible only if 10+% growth rate.

 

[Jackdaws]

I think pakistan can do anything if it wants to

It is just the unholy nexus of India - USA - Israel which is always sullying their fair image around the world.

 

[he-man]

It is just the unholy nexus of India - USA - Israel which is always sullying their fair image around the world.

Indians need to be shown their aukat

 

[duhastmish]

It is just the unholy nexus of India - USA - Israel which is always sullying their fair image around the world.

Why don't you teach these unholy countries a lesson or two?

 

[ChineseTiger1986]

Are u even trying to say that china will abandon the profits to be made in india for pakistan??
Have some sense man,their economy is barely 250 billion,what possible profits can be had from them.

Thankfully the railway company knows how to make profits and has some business sense

We are not willing to go after the profit made from India at the expense of losing Pakistan.

 

[he-man]

We are not willing to go after the profit made from India at the expense of losing Pakistan.

You are doing exactly that.
Xi gave pakistan about 45 billion for 5 years but india too got assurances of 20 billion$,,which was unheard from chinese side previously.

The cooperation will only grow

 

[he-man]

Why don't you teach these unholy countries a lesson or two?

These scumbag countries need to be shown their true place

 

[AgentOrange]

You are doing exactly that.
Xi gave pakistan about 45 billion for 5 years but india too got assurances of 20 billion$,,which was unheard from chinese side previously.

The cooperation will only grow

That's true but only if China sees a profit. If India's notorious red tape and inefficiency starts getting in the way (a real possibility), Chinese money will evaporate.

 

[he-man]

That's true but only if China sees a profit. If India's notorious red tape and inefficiency starts getting in the way (a real possibility), Chinese money will evaporate.

I am afraid too,it was much better had they invested in pakistan,surely that would have given much better returns due to no corruption or red tape there.

 

[AgentOrange]

I am afraid too,it was much better had they invested in pakistan,surely that would have given much better returns due to no corruption or red tape there.

Actually, I was implying more that the money would go to Africa. China's gotten a pretty good return there and the governments are cooperative to the benefit of both parties. Either way, if India makes investment too difficult, it will end up with nothing which is what it would deserve.

 

[he-man]

Actually, I was implying more that the money would go to Africa. China's gotten a pretty good return there and the governments are cooperative to the benefit of both parties. Either way, if India makes investment too difficult, it will end up with nothing which is what it would deserve.

Yes,its peaceful there plus there is a rule of law in africa which is quite frankly absent in india completely.Africa is the best place after pakistan.

 

[Jackdaws]

Those Tibetans aren't Chinese citizens. They're loyal to the Dalai Lama and "democratic" India. Feel free to do whatever you want with them.

In the civilized world - they are still considered Chinese ci

They aren't. Their citizenship has been revoked. There are stories of them trying to visit their families in Tibet and they're all denied. They're Indians now. More illiterate unskilled labor for Bharat. They should fit right in with the locals. India Shining!

That's ok - we will take them in and let them live in a land of democracy. Their lives have been arduous and miserable - at least India for all its flaws offers them hope.

 

[surya kiran]

So you couldn't answer why India got to $2t from 1.7t in 6 months or even less? Genius? Lol India gdp for 2013-14, $1.7t.

In dollar terms, has the Indian economy grown or shrunk? - Oneindia

Few months later its already over $2 trillion. Please explain this increase of 15% in 6 months.

Pak GDP for 2013-14 was $250bn. For 2014-15 Pak gdp is $290bn, this can be higher or lower depending on actual gdp growth rate, inflation and exchange rate. We will find out in about 4-5 months.

Complete maths fail.

From 1.876 Trillion to 2.04 Trillion is not a 15% increase genius !!!!!!!!!!!! Do the maths. Its a 8.74% increase that they are talking about. They = IMF. Do you understand what an estimate is in economics? And check the link. They are not my calculations, but IMF. Now, feel free to disprove IMF.

Coming back to your 290 BN USD. You still have not told me how you will hit 1 Trillion by 2023. What is the CAGR for what you said?

IMF says 250 BN USD in 2015. Let's go with neutral figures, shall we? To reach 1,000 Bn you need to grow at close to 22%. This means you need to add close to 1.67% to your GDP month on month. Do you realise what you are talking about???? Even if were to say from 290 you are talking about close to 20%. You are talking about increasing your GDP without electricity. Let's just stop this discussion, because, you have no idea what you are saying.