A high-speed maglev railway from East China’s Shanghai to Hangzhou is expected to win government approval soon and start construction within this year, said a deputy to the Tenth National People’s Congress (NPC).
“The railway is expected to go into operation before the 2010 World Expo in Shanghai,” said the deputy from Shanghai, who declined to be identified.
He said the construction will take four years with a total cost of 35 billion yuan (about 4.3 billion U.S. dollars). It is designed to alleviate traffic pressure between Shanghai and Hangzhou during the World Expo.
“The Shanghai-Hangzhou railway will in part use German technology, but the main technology comes from Chinese engineers,” said the deputy, who is in Beijing to attend the annual NPC session.
He said relevant Chinese and German institutions are negotiating on technology transfer.
We’d start buying homes in Hangzhou now if we were you.
Photo from CRIEnglish.com.