• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, March 6, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home News

Shanghai backtracks on reports of maglev train project suspension

by Sam Allcock
20/06/2017

SHANGHAI (XFN-ASIA) – Shanghai officials have backtracked on state-media reports that plans to build a high-speed magnetic levitation train linking Shanghai and the eastern city of Hangzhou have been suspended due to health concerns.

Zhang Qing, a spokeswoman of the Shanghai government, said there has been no notice of any suspension of the project.
Separately, an official of the Shanghai Maglev Company, which operates the current maglev line in city, said he was also unaware of any project suspension.

On Sunday, the state-owned Xinhua news agency, citing unnamed Shanghai officials, reported that the 170 km project has been suspended following petitions from residents living along the proposed route worried about possible health problems from the maglev’s high powered magnets.
The maglev uses powerful magnets to drive trains at speeds of up to 430 km per hour.

Xinhua said feasibility is also in question as more than 40 bln yuan invested in the technology may not be recovered.
The project was expected to be completed in time for Shanghai’s hosting of the World Expo in 2010, according to Xinhua.

A spokeswoman for Transrapid International, a consortium between Germany’s Siemens AG and ThyssenKrupp AG that builds the maglev trains, could also not confirm the news report.

In February, news reports said the consortium would likely be awarded a 1.2 bln usd contract to expand by 30 km the maglev line that now runs to the Shanghai Pudong International Airport from the outskirts of the city.
ThyssenKrupp said in a written statement last month that the planning process for a Shanghai extension was have ry advanced.’

The news of a possible suspension came during German President Horst Koehler’s visit to Shanghai.

The plan may also not have central government support.

RelatedPosts

National Governments Keen to Use Blockchain Technology

5 Helpful Tips to Secure Good Marks in CBSE Class 8 Maths

Santander Loses 8771 Million In 2020 After Accounting Adjustment

Ford Lost $ 1.276 Million In 2020 To Covid-19

Load More

‘Maglev is inappropriate anywhere in China due to inflexibility,’ said Li Hong, a high-ranking official with Institute of Transport and Communication under the National Development and Reform Commission, the state planning agency.

Li said that the super-high-speed maglev train will consume much more energy than conventional railways, and will result in ‘magnetic pollution.’

China is also developing its own maglev trains, state media have previously reported.

Citing a work blueprint by China’s Ministry of Science and Technology, Xinhua said a 30-km test railway for the maglev train will be built before 2010.

Tags: energyHealthwork
Previous Post

Finmeccanica to win govt order for 14 trainer aircraft - junior minister UPDATE

Next Post

Stockholm shares close flat as Husqvarna, AstraZeneca offset weakness UPDATE

Related Posts

National Governments Keen to Use Blockchain Technology
Finance

National Governments Keen to Use Blockchain Technology

05/03/2021
5 Helpful Tips to Secure Good Marks in CBSE Class 8 Maths
News

5 Helpful Tips to Secure Good Marks in CBSE Class 8 Maths

25/02/2021
Santander Loses 8771 Million In 2020 After Accounting Adjustment
News

Santander Loses 8771 Million In 2020 After Accounting Adjustment

09/02/2021
Next Post

Stockholm shares close flat as Husqvarna, AstraZeneca offset weakness UPDATE

Mitsubishi Heavy receives orders for wind turbines in US

NASA chief not worried about climate

Latest News

Some Important Things to Consider While Buying TV Covers Online

Some Important Things to Consider While Buying TV Covers Online

05/03/2021
5 online side hustles that could boost your income in 2021

5 online side hustles that could boost your income in 2021

05/03/2021
4 Things to know about a luggage storage business

4 Things to know about a luggage storage business

05/03/2021
Impressive Hair Dryers Detailed Guide To Make Your Life Simpler

Impressive Hair Dryers Detailed Guide To Make Your Life Simpler

05/03/2021
How to Accessorise For Your Zoom Meetings

How to Accessorise For Your Zoom Meetings

05/03/2021
National Governments Keen to Use Blockchain Technology

National Governments Keen to Use Blockchain Technology

05/03/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.