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Re: Another high speed rail proposal...
On Mon, 22 Jan 2001 23:13:47 GMT, dbromage@fang.omni.com.au (David
Bromage) wrote:
[Shanghai Maglev]
>> >It's not going to happen. This thing costs $25 million'km to build, and is
>> >totally incompatable with all other railways.
>
>> So how did they manage to flog it in China?
>
>Deutsche Bank (a partner in Transrapid) offered China a DM1 billion "loan"
>to help build the 50km line.
Oh, *that* kind of a loan. Been there, done that, seen it all before.
If it really is like that, then I wonder what the Government
Procurement Regulations of the World Trade Organisation will have to
say?