Tuesday, November 23, 2010

JR Tokai vies for Florida rail system



NAGOYA (Kyodo) Central Japan Railway Co. (JR Tokai) plans to apply for prebidding screening to build a high-speed railway system in Florida, company officials said Monday.
The railway will join forces with 11 other Japanese firms so it can gain an advantage over its European and Asian rivals in pitching its shinkansen system, they said. The application is likely to be submitted this month.
The company wants the contract in Florida to act as a springboard for expanding the shinkansen system globally. Florida plans to construct a 130-km rail line between Tampa and Orlando at a cost of more than $2 billion, or about ¥160 billion. The project is getting federal funding.
Florida is expected to start prebidding screening this month to appraise the technical capabilities and finances of the bidders, which are expected to include companies from Germany, France, South Korea and China. It will likely narrow down the field to four groupings by February, before formally accepting bids around next summer.

source: Japan Times

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