Thursday, February 17, 2011

China Rail Chief’s Firing Hints at Deeper Problems - NYTimes.com

His abrupt sacking by the Communist Party is casting that empire in a decidedly different light, raising doubts not only about Mr. Liu’s stewardship and the corruption that dogs China’s vast public-works projects, but also, perhaps, the safety, financial soundness and long-term viability of a rail system that has captured the world’s attention.

8,100 miles of high-speed rail lines and to build more than 11,000 miles of traditional railroad lines. The sheer size and cost of the endeavor — the investment has been estimated at $750 billion, some $395 billion for high-speed rail alone

new railways chief, Sheng Guangzu, said the ministry would “place quality and safety at the center of construction projects.”

Click on the following for more details:  China Rail Chief’s Firing Hints at Deeper Problems - NYTimes.com

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