High-Speed Rail Opportunities in the U.S.
GE and China's Ministry of Railways (MOR) have signed a memorandum of understanding (MOU) to advance high-speed rail in the United States, putting GE Transportation in the running to compete for high-speed rail projects. This move is expected to accelerate GE's passenger rail technologies and near-term, create 150 high technology jobs in the U.S.
Over the next three years, China will invest about US$300 billion into its railway infrastructure, expanding its network by more than 20 000 km. GE is currently working with CSR Qishuyan Locomotive to provide fuel-efficient and low-emissions diesel-electric, heavy-haul locomotive technology. More than 100 of these locomotives have been placed in revenue service by the MOR.
Tim Schweikert, president of GE Transportation China, said, "High speed rail in the U.S. and in markets worldwide is a significant opportunity for infrastructure and business growth." More than US$13 billion will be spent over the next five years to support rail infrastructure development in the U.S.
For more information: www.ge.com