Japan Tops China in Race to Build India's First High-Speed Rail

December 12, 2015 8:21 AM

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India selected Japan to help build its first high-speed rail link in a coup for Prime Minister Shinzo Abe and a defeat for China, which also had bid for the signature project.

The $15 billion deal clinches three years of negotiations and reflects the deepening relationship between India and Japan stemming from Prime Minister Narendra Modi and Abe’s personal friendship. Shared investment objectives and a mutual apprehension about China’s expansionism are pushing the two na...

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