By Aileen McCabe, Asia Correspondent
CanWest News Service
canada.com
12 October 2007

SHANGHAI, China -- China has finally given the go-ahead for a high-speed train link between Shanghai and Beijing, and Montreal's Bombardier has its eye squarely on the mega-contract.

Bids on the estimated $26 billion-plus project have not been called yet, but the Chinese media is naming Bombardier as a possible contender and the company confirmed Friday that it is "following closely the progress" of the train link.

"Winning a contract like this will enforce Bombardier's leading position in China," said Jianwei Zhang, president of Bombardier's operations in China.

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Posted by dcjaya at October 12, 2007 7:47 AM