Walt Disney World in Florida may be the next stop for bullet-train makers in Japan and China.
Central Japan Railway Co. and China South Locomotive & Rolling Stock Corp. are competing for the $8 billion President Barack Obama granted for 13 high-speed corridors across the U.S., including a Tampa-Orlando line that may include a station at the Walt Disney Co. resort in Orlando. The Japanese company, also known as JR Central, is eyeing North America as a shrinking population at home limits its growth.
France’s Alstom SA, Germany’s Siemens AG and Canada’s Bombardier Inc. also want to sell trains, tracks and operating equipment under an initiative that Transportation Secretary Ray LaHoodcalled “an absolute game-changer for American transportation.” The high-speed corridors include New York- Buffalo, New York; Los Angeles-San Francisco; and Chicago- Detroit.
“High-speed rail is going to be a big industry in the U.S.,” said Masayuki Kubota, who oversees the equivalent of $1.8 billion in assets at Daiwa SB Investments Ltd. in Tokyo. “A lot of companies are going to try and get a piece of the action.”
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Read the rest of the story: Disney High-Speed Support May Boost Japan, China Trainmakers
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