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Out of 23 current railway projects, some 70% have been suspended, partly suspended or delayed. Having run up enormous debts, the Chinese Railways ministry is struggling to persuade banks to continue to finance its ambitions.
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While buses for all its worldwide subsidiaries will be built in China, the Australian-based bus manufacturer plans on completing Altoona testing and opening a final assembly plant in the U.S. to meet Buy America requirements.
Read More →Train rammed into back of another locomotive after signaling fault, adding to concerns that the pace of China's rail expansion may undermine safety.
Read More →Rail authorities plan to stop more high-speed rail service due to scheduling concerns. The announcement came as a magazine reported that a crack had been found on the axle of a train. The manufacturer denied the claim.
Read More →Recently, power outages and other malfunctions have plagued the showcase high-speed line between Beijing and Shanghai since it opened on June 30.
Read More →Designed to reach top speeds of 220 mph, the rail service, which features fully reclining airline style business class seating, cuts travel time on the 820-mile route to under five hours.
Read More →Will manufacture and service brake equipment for the Chinese transit market.
Read More →Project managers from eastern China's planned Tianjin-Qinhuangdao high-speed railway failed to submit to required environmental inspections after they made location changes, according to China's Ministry of Environmental Protection.
Read More →Last week, the new leadership at the Railways Ministry announced that the top speed of all trains was being decreased from about 218 mph to 186 to enhance safety.
Read More →Beijing Line 6, which represents the longest metro line in construction in Beijing, runs through the city, starting from Wuluju in the West to Tongzhou New Town in the East. The entry into commercial service of Beijing Line 6 Phase 1 is planned in 2012.
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