World Bulletin / News Desk
A Chinese firm announced that is it preparing to spend up to $150 billion on a huge high-speed rail project which will link China's autonomous province of East Turkestan (Xinjiang) to Turkey across Central Asia.
CSR chairman Zhao Shiaoyang said that the 6,000 kilometer-long train line will cut across Kyrgyzstan, Tajikistan, Uzbekistan, Turkmenistan and Iran all the way to Turkey, the China Daily newspaper reported.
Saying that most of the line will be open to service by 2020, the CSR chief said it would be complete by 2030, calling the project the 'New Silk Road'.
The line will enable commuters to travel up to 200 kilometers an hour across the Asian continent, while freight trains will have a speed to 160 kilometers an hour.
While experts noted that finansors in Pekin would be very generous in supporting the project, they also noted that geo-political compromise would need to be achieved between central Asian states in order for the project to become a reality.
Currently China exports around $4 trillion of goods annually, half of which is imported by Europe, the Middle-East and central Asia. However, the trade is largely dependent on sea routes.
However, China has been involved in a dispute with neighboring countries Japan, Philippines and Vietnam over territorial waters in the Pacific, as increased co-operation between the far-eastern US allies threatens China's sea borders.
This has consquently added importance to the central Asian rail project, which is likely to join with Turkey's own national high-speed train project which will reduce traveling time between the capital Ankara and biggest city Istanbul to just 3.5 hours.
The Ankara-Istanbul line is due to open on July 11 after two delays and technical problems during testing.
Police seize Mirwaiz Umar Farooq outside home, party member says
Ex-government, nationalists claim Rakhine State - home to country's Rohingya Muslims - national issue, not international
Deaths first encounter with gov't troops since president reiterated military destroy Daesh-linked group after hostage death
Attack by separatists on checkpoint in Baluchistan province also wounds two others
Mehbooba Mufti defends crackdown that has left at least 68 civilians dead, saying troublemakers are just 5 pct of population
Military says member of ISIL-linked group died after bomb he was carrying exploded during pursuit in troubled Basilan
Last week senior Chinese military official Guan Youfei met with Syria's defence minister in Damascus and said he wanted closer military ties with the Syrian government, state media reported.
Under investigation for misuse of funds including $433,800 office redecoration, $1 million New Year's light show
Police say ‘no immediate evidence to suggest extremism’ after French man charged with killing British woman in Queensland
Officials say oil-laden tanker that went missing from Malaysian port was taken by crew after ‘internal management dispute’
Ten-hour Taliban assault in Kabul sees seven students at prestigious college killed
Kim Jong-un says launch shows North Korea has joined military powers ‘fully equipped with nuclear attack capability’
Lawmaker representing worst-hit township says death toll has risen to 68, despite claims situation ‘under control’
Despite the challenge it presents many Asian Muslims have taken up the idea of biking to Saudi Arabia
Man killed as two-day visit to restive region by India's home minister so far fails to dampen protests
Businesswoman seized alongside her husband and 8-year-old son, who have not been released