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August 16, 2013

China has started buying high speed rail equipment again and is taking $8.2 billion in bids

China has reopened tenders for high-speed trains worth an estimated $8.2 billion, lifting a suspension imposed after a crash that killed dozens of passengers in 2011 and signalling a new phase of construction in the country's vast railway network.

State-owned giant China Railway Investment Corp (CRIC) said it had opened tenders for 91 bullet trains with a speed of 250 kilometres (155 miles) per hour.





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