Naming Right for First Maglev Train to be Auctioned

Home>>Business

Last updated at: (Beijing Time) Sunday, January 19, 2003

Naming Right for First Maglev Train to be Auctioned

Shanghai plans to auction off theright to name China's first maglev train next month, maglev transportation authorities has announced.

DISCUSSION

CHINESE

SEND TO FRIEND

Shanghai plans to auction off theright to name China's first maglev train next month, maglev transportation authorities has announced.

A spokesman for the Shanghai Maglev Transportation Development Company, which is in charge of the construction and operation of the world's first commercial maglev line, said the auction would be held in February, but gave no specific date.

Using advanced electromagnetic levitation technology developed by Germany, the world's first commercial maglev train takes less than eight minutes to travel 30 km, linking the Pudong International Airport and the city's sprawling subway system.

Shanghai International Commodity Auction Company had been authorized to organize the auction, said the spokesman, adding that the naming right will last two years.

With core technology imported from Germany, the maglev system, which costs 10 billion yuan (1.2 billion US dollars), begin trial operation on Dec. 31 of 2002 and will commence full commercial operation at the end of this year.

It is expected to carry 7 million passengers in 2004.

Questions?Comments? Click here

Naming Right for the 1st Maglev Train to be Auctioned

Jiang, Bush Talk over Phone on DPRK Nuclear Issue ( 9 Messages)

China Indignant over PM Koizumi's Shrine Visit ( 7 Messages)

Thousands Protest in Los Angeles against US War against Iraq ( 2 Messages)

China's Vehicle Output Ranks World Fifth ( 2 Messages)

Reflector Installed on 'Shenzhou IV', Measurement Accuracy Greatly Raised ( 2 Messages)