German railway giants set sights on U.S. high-speed rail
Siemans, Deutsche want to cash in on stimulus money
Two German railway operators are angling to join forces to infiltrate the U.S. high-speed rail business. Siemans and Deutsche Bahn are hoping to cash in on the U.S. government’s infrastructure stimulus. The Obama administration has promised to pour up to US$8 billion into the country’s railways to link major cities with trains that will travel at speeds of 240km/h. Before the German companies’ partnership can go ahead however, they must settle an internal dispute.
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