China's ambitious high-speed rail project to cost $300 billion

08/6/2009 | CNNMoney

China is creating what will become the world's fastest and most sophisticated high-speed rail system when it is completed in 2020. The project involves laying nearly 16,000 miles of new track. When it is finished, trains will run between Beijing and Shanghai at nearly 220 miles an hour. The project is expected to cost a total of $300 billion.

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