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|A high-speed bullet train runs from Urumqi South Railway Station to Hami city Scarpe Uomo Nike Air Presto Safari Nere Gialle Saldi , Xinjiang, in this Nov 16 file photo. [PhotoXinhua] If confirmed, proposal would expand country's overseas market
China is in discussions with India to help it build the world's second-longest high-speed railroad with a price tag of 200 billion yuan ($32.6 billion), its latest efforts to push for a bigger share of the overseas high-speed market.
The Delhi-Chennai high-speed rail corridor will see trains running at 300 kmh, covering up to 1,754 kilometers.
The railway is proposed to be developed jointly with China Scarpe Uomo Nike Air Presto Rosse Bianche Saldi , home to the world's longest high-speed rail line - between Beijing and Guangzhou - several Indian media organizations reported over the weekend, citing senior officials with India's Ministry of Railways.
Hindustan Times reported that a high-level Indian railways team would visit Beijing on Monday to complete formalities for the project's feasibility study.
The team, comprising officials of the High Speed Rail Corp and the Rail Vikas Nigam Ltd, will sign an agreement with Chinese counterparts, the report said.
"The study on the Delhi-Chennai line can be expected to begin early next year", the report said Scarpe Uomo Nike Air Presto Essential Nere Saldi , citing unnamed ministry officials.
China Daily could not independently confirm the news on Monday, as information officials with China's National Railway Administration, China Railway Corp and China Railway Construction Corp all declined to comment.
However, encouraged by the speculation of this big-ticket rail project between China and India, the stock value of rail infrastructure construction companies rose sharply on Monday, with China Railway Construction Corp and China Communications Construction both up by more than 9 percent on the Shanghai Stock Exchange.
The project is part of Indian Prime Minister Narendra Modi's "diamond quadrilateral" project that aims to build a network of high-speed trains between cities including Delhi-Mumbai Scarpe Uomo Nike Air Presto Essential Verdi Saldi , Mumbai-Chennai, Chennai-Kolkata, Kolkata-Delhi and Mumbai-Kolkata, according to Indian media.
Feng Hao, a researcher at the Institute of Comprehensive Transportation at the National Development and Reform Commission, said if the deal is made Scarpe Uomo Nike Air Presto Essential Nere Blu Saldi , the project opens the door for Chinese companies to provide new railway design, tracks made of durable materials, automated signaling for faster trains and modern stations that India’s British-built rail system desperately needs.
India has added 11,000 kms of track in the 67 years since its independence.
China, whose operating rail mileage exceeded 100,000 km by the end of 2013 nike air force 1 nere saldi , including 10,000 km of high-speed railroads, is pushing for a bigger share of the lucrative high-speed train market in India and other parts of the world.
"Chinese investment will also help narrow the trade deficit with India, which hit $31 billion in 2013," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.
China pledged to offer investment opportunities and technical assistance in India's rail network to help the country improve transportation during President Xi Jinping's visit to India in September.
Diao Chunhe nike air force 1 bianche saldi , president of China International Contractors Association, which helps Chinese companies explore new business in overseas markets, said Chinese rail construction companies are attractive to foreign governments and business partners, because unlike their competitors in Canada, Germany, South Korea and Japan nike cortez uomo saldi , they come with their own funding model.
"They are capable of coordinating finance for projects through Chinese institutions such as the Export-Import Bank of China or China Development Bank," said Diao. "They also do not generally seek sovereign guarantees when working with local partners."
Also on Monday, Mexican Communications and Transportation Minister Gerardo Ruiz Esparza met Chinese officials to discuss the cancellation this month of a $3.75 billion high-speed rail contract that had been awarded to a CRCC-led consortium, the sole bidder.
Ruiz Esparza discussed Mexican plans to build a $10 billion state-owned and privately operated mobile network with Chinese help, according to a ministry statement.
The Mexican government has already received a bid for the project. The country is aiming to publish the initial terms of the tender to build and run the network in December.
SYDNEY, March 8 (Xinhua) -- The Australian dollar has surged to an eight-month high following a big jump in iron ore prices.
At the Asian open on Tuesday nike cortez classic saldi , the dollar was trading at 74.70 U.S. cents, up from 74.0 U.S. cents on Monday. By 0945 local time (AEDT), the Australian dollar had fallen slightly to 74.68 U.S. cents.
It is lucky that the market cap weighting of the banks and materials are so high in the ASX, because the rest of the market has not been faring very well at all, IG market analyst Angus Nicholson said in a note on Tuesday.
Utilities, telcos nike air presto uncaged saldi , industrials, consumer discretionary and healthcare (in order of worst performers) have all seen declines over the past week, Nicholson said.
A lot of these stocks by-and-large are impacted by the rise in the Aussie dollar.
Commonwealth Bank economists said higher commodity prices reflect a reaction to Chinas National Peoples Congress (NPC).
We think the reaction by commodity prices and AUD is overdone because the policy stimulus occurring in China is small compared to the headwinds facing the economy, the Commonwealth Bank economists said in a note on Tuesday.
Local risk factors for the Australian dollar on Tuesday include a speech from Reserve Bank of Australia deputy governor Phillip Lowe, and a National Australia Bank business survey.
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