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Transrapid Revival on the Canary Islands? Berlin Pushes Industry on High-Speed Maglev Rail – SPIEGEL ONLINE – News – International

Transrapid Revival on the Canary Islands? Berlin Pushes Industry on High-Speed Maglev Rail – SPIEGEL ONLINE – News – International.

Transportation Ministry deputy Rainer Bomba recently took Siemens executive board member Siegfried Russwurm to task, suggesting that the company could show a little more enthusiasm for the Tenerife project.

Privately, Bomba vented his displeasure over manufacturers dragging their feet, saying sarcastically, “The customer is threateningto make an order.”That could, in fact, happen soon. Melchior says that he already has funding commitments for a portion of the estimated €3 billion maglev route. He intends to tap into Europe’s subsidy coffers and the wallets of private investors for the rest.

Filed under: International High Speed Rail

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