Chinese firm to buy 351 bullet trains

Beijing, July 17: A Chinese railway firm has opened tenders for 351 bullet trains worth a staggering $10.6 billion.

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China Daily reported that state-owned China Railway Investment Corp has opened tenders for what it claims is the largest train order in history.

Chinese firm to buy 351 bullet trains

As many as 228 bullet trains will have to reach a maximum speed of 350 km per hour, and 123 trains will need to run at 250 kilometers per hour, said CRIC, a subsidiary of China Railway Corp.

Experts estimate the tenders could be worth more than 66 billion yuan ($10.6 billion).

The tenders are for China-based makers only, the media report said.

The demand for rail in China has witnessed considerable growth.

A 350-kmph bullet train normally costs around 370 million yuan, and there is likely to be more demand for those than for the 250-kmph models, a source was quoted as saying.

Construction of China's high-speed rail network began in 2007.

The country has over 16,000 km of high-speed rail at the end of 2014.


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