The United States Congress has agreed to withhold federal funds from Chinese state-owned companies not competing on a level economic playing field and presenting significant cybersecurity threats to passenger rail infrastructure.
A new policy brief from the Alliance for Innovation and Infrastructure (Aii) explains pending legislation and its implications for markets and US national security.
Both the House and Senate versions of the National Defense Authorization Act included language – known as the Transit Infrastructure Vehicle Security Act – to stop Chinese market interference.
The brief notes China’s geopolitical expansion through its New Silk Road and Made in China 2025 plans. With its state-owned China Railway Rolling Stock Corporation, China has entered public infrastructure bidding in major cities, already winning bids in Boston, Chicago, Los Angeles, and Philadelphia.
Aii presents factors explaining why it believes Chinese influence in public infrastructure prompts “legitimate market and security concerns”.
Download the policy brief here.
