The world’s most expensive train
- by admin
A $1bn train that travels up and down the US east coast is being sold for a record $1.1bn, with an estimated 1,000 people on board.
The train, which takes passengers from Baltimore to San Francisco, will leave Baltimore on Monday and depart San Francisco on Thursday.
The journey will take about a month and the train will be loaded with goods from US freight companies.
The first passenger train, a train that had been scheduled to leave the US in March, has now been sold, with the price set at $1,078m.
The sale follows a similar sale last month for a train from London to New York.
Train delays A second train will leave the port city of New Orleans on Monday.
The second train is expected to leave New Orleans in mid-March and be loaded on to a container ship on April 6.
The ship is expected in the Atlantic Ocean, where it will dock.
The trains are expected to travel at least 1,400 kilometres (870 miles) and will run on a diesel engine.
The $1billion train is the first of its kind in the world.
The world record holder was sold by Chinese train company Hong Kong Railway for $1 billion in 2016.
The passenger train is being built by Hong Kong-based Hong Kong International Railway, which has already completed a first stage of the train.
The Hong Kong company is owned by a Chinese company.
The US and Hong Kong have been trying to revive the long-stalled rail trade.
The Chinese government has agreed to open up the market for international freight to boost the local economy, but the freight market is not yet ready for this kind of a high-speed rail project.
The project is the latest in a series of attempts to create a global rail industry.
It is a joint venture between Chinese company CSG Group and American companies including Alstom and Siemens.
China’s railways have been struggling to meet passenger demand.
China has had a low level of rail passenger traffic since the beginning of the Great Leap Forward.
In 2018, the country’s railway network was only 20 per cent of the capacity it was at the beginning.
But the economy has rebounded, and by 2022 China hopes to have more than 70 per cent train capacity.
A $1bn train that travels up and down the US east coast is being sold for a record $1.1bn, with…