Train makers hope to be on track for big US rail plan

China 'leads world' in high-speed technology, ready for opportunities

BEIJING - The country's two major train manufacturers hope to get on track for potential business opportunities following the $53 billion high-speed rail investment plan unveiled by the Obama administration on Tuesday.

The plan, announced by US Vice-President Joe Biden in Philadelphia, will roll out 3,200 km of new rail networks and aims to give 80 percent of Americans access to high-speed rail within 25 years. Biden called on Congress to back the six-year investment in high-speed intercity rail.