Wednesday, August 26, 2009

Siemens, DB plan joint effort to tap U.S. HSR market

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Siemens AG, through its Siemens Transportation Systems subsidiary, and German Rail (Deutsche Bahn, or DB) have announced a joint effort to tap the potential U.S. market for high speed rail.

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Spokespeople from both companies say the Obama Administration’s commitment to grow HSR in the U.S. made such a joint venture practical.

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Germany’s Der Spiegel reported that Siemens would supplyhigh speed ICE-3 trains and transport technology, while Deutsche Bahn would offer itself as a qualified operater of any U.S. HSR route. DB’s position could be the more problematic of the two, since numerous U.S. private concerns, as well as Amtrak, presumably would compete for such a role.