No one killed but I am certain there will a few people wanting China's High Speed Rail CEO's shot, hung , drawn, quartered and then shot again.
LINK
Quote:
For the past eight years, Liu Zhijun was one of the most influential people in China. As minister of railways, Liu ran China’s $300 billion high-speed rail project. U.S., European and Japanese contractors jostled for a piece of the business while foreign journalists gushed over China’s latest high-tech marvel.
Today, Liu Zhijun is ruined, and his high-speed rail project is in trouble. On Feb. 25, he was fired for “severe violations of discipline” — code for embezzling tens of millions of dollars. Seems his ministry has run up $271 billion in debt — roughly five times the level that bankrupted General Motors. But ticket sales can’t cover debt service that will total $27.7 billion in 2011 alone
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Not too surprising. Big massive government projects like these, any where, tend to be White Elephants. As much as China's economy has been booming, the people who would tend to use this are still far too scarce and with competition from low rate air travel.....ouch.
As much as some people would want high speed rail in Alberta. There is no way it would work.