Japan Railroad Suppliers Allowed to Avail State Loans

Japan has allowed its state-owned railroad providers to use state loans to bid for US high-speed rail projects.

The Japan Bank for International Cooperation can now fund construction projects for high-speed train lines in other countries, according to mb.com.ph.

Japanese bullet-train operators are expected to bid for US high-speed rail projects, holding a grant of $8bn from the Obama administration.

The operators are expected to compete with France’s Alstom, Germany’s Siemens, Canada’s Bombardier and state-controlled China South Locomotive and Rolling Stock, in the bidding.