According to the latest Ministry of Railways’ plan, by 2012, China will beat Japan and Germany when it comes to the longest high-speed railway system. The Ministry of Railways’ new blueprint outlines “four vertical” and “four horizontal” passenger lines that connect the northeast, north, central, west, east, and southern parts of China.
The Ministry of Railways is aggressively raising funds. It will push provincial governments and bring in private capital to support and be involved in the construction and management of the railroad systems.
Source: China Securities Journal, March 4, 2010