Friday, December 30, 2011

China unveils high-speed train despite safety woes

The train, whose sleek design was inspired by an ancient Chinese sword, was built using plastic reinforced with carbon fibre and magnesium alloy to reduce weight and therefore increase speed, the report said.

Initial reports suggested signalling problems were to blame for the crash, which sparked strong public criticism of China's government, but the results of an official investigation have not yet been released.

Separately, a new high-speed railway linking the capital of the southern province of Guangdong, Guangzhou, to Shenzhen city on the border with Hong Kong went into service on Monday, the official Xinhua news agency said on Tuesday.

China plans to extend the route to Hong Kong by 2015 as part of the planned Beijing-Hong Kong high-speed line, it said.

The latest moves come despite China saying last week it will cut spending on its railways next year.

The railways ministry will invest 400 billion yuan (?40 billion) on rail infrastructure in 2012, down from an estimated 469 billion yuan this year and 700 billion yuan in 2010, state media said.

The cash-strapped ministry is burdened by debt after borrowing to finance railway projects and some banks have stopped lending it money.

Source: http://telegraph.feedsportal.com/c/32726/f/564430/s/1b4dc3ab/l/0L0Stelegraph0O0Cnews0Cuknews0Croad0Eand0Erail0Etransport0C89791150CChina0Eunveils0Ehigh0Espeed0Etrain0Edespite0Esafety0Ewoes0Bhtml/story01.htm

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