Chinese trains on California tracks
The Bay Area Council is a business-sponsored organization comprising 275 large companies in Los Angeles and the Silicon Valley in California.
The agreement was inked during California Governor Arnold Schwarzenegger's visit to China. "We look to China to build our high-speed rail, to be part of the bidding process that we are going to go through," Schwarzenegger was quoted by Reuters on Monday in a speech made in Shanghai.
"Many countries will be bidding to build our high-speed rail, (and we plan) also to look for financing from China," Schwarzenegger said.