Skip to comments.GE, China to build high-speed railway projects in US
Posted on 11/18/2009 3:16:11 AM PST by Willie Green
General Electric Co. (GE) and China's Ministry of Railways signed a memorandum of understanding (MOU) Tuesday, committing to jointly pursue partnership opportunities for high-speed rail projects in the US.
According to the MOU, GE and Chinese State-owned railway companies will begin preparation work to construct high-speed rail projects in the US that run at speeds of more than 350 kilometers per hour.
Tim Schweikert, president and chief executive of GE transportation in the China market said the company's technology in locomotive diesel and railway electrification is a world leader, and the technology and skills that Chinese companies grasp in building high-speed rails with speeds of more than 350 kilometers per hour is mature and comprehensive. This win-win cooperation, according to Schweikert, can undoubtedly provide the best solution for the building the railway.
According to Lorenzo Simonelli, president and chief executive of GE transportation, China will be an indispensable partner of GE transportation's development and growth, and improving the technology of high-speed railways is the common goal of China and GE. He said the company looks forward to a win-win cooperation.
Analysts said this memorandum is also expected to create more job opportunities in both China and the US.
GE transportation also announced it will establish a joint venture with CSR Qishuyan Locomotive Co. Ltd. to produce locomotive diesel engines in China.
This is just insane! We have millions out of work and that treasonous outfit GE is going to have a joint venture with the Chinese to build railways in the United States? How about a joint venture with Americans? That puke Immelt is a sleazy snake.
will this help warren buffet? Maybe he got inside knowledge when he bought that railway company
Between Washington DC and Chicago?
“will this help warren buffet? Maybe he got inside knowledge when he bought that railway company”
That’s a very good question.
What imbecility. If the Kenyan Clown felt obligated to make a deal with somebody on this (and it's a very good assumption that this MOU was signed as a direct result of Obama's current visit to Red China), he should have at least signed with the Japanese who started this whole business of high speed train service with their shinkansen back in the early 1960s, and not the dangerous and shoddy Chicoms.
The Chinese, however, seem to want to get in deeper with us all the time. That's truly scary to me.
I don’t know that I’d want to ride on it after trying some Chinese products.
We're in the process of selling them the rope they'll use to hang us.
Do you think this is a viable prospect for the private market? Passenger rail has not been profitable for some time . . . if ever. Wish it were otherwise.
The simple fact is that a high speed rail system has to be constructed on American soil and with American labor. The technical components may well be manufactured in China. But, that is not a lot different than a multitude of other products.
The idea of constructing a high speed rail system, much like the interstate system is very appealing. The politician or political party, in the mode of Eisenhower and his Interstate highway system, could inspire a generation of optimists with the Kennedy zeal of going to the moon, could run on a platform of a jobs creator; reducing the need for airport expansion; a delay of interstate expansions; and an overall convenience for the American traveler. It will get great resistance from the airlines sector. Another downside would be the potential for union growth and government control. All in all, I would like to board a train downtown and get transported downtown, 300 miles away, in two hours.
And George Soros is buying up shipping railways....
And George Soros is buying up shipping railways....feel that communist fist tightening?
Obama has served America up on a platter, and the buzzards are picking the bones.
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