The Obama administration isn't the only one looking to high-speed rail lines.
German train producer Siemens has inked a $1 billion contract to build 100 new high-speed trains for China, the company announced Friday.
The company's Velaro train has a top speed of 218 mph. A typical train will have 16 cars and carry more than 1,000 passengers. With a total length of more than 1,300 feet, the new trains will be the world's longest single high-speed units in use, according to Siemens.
Japan and European countries such as France have had high-speed train systems … Read more