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the race to build bullet trains for america's first high speed rail system ever is on and china may have the early lead on a host of companies from around the world murders energy correspondent larry caroline san francisco , california's high speed rail project will be worth billions the company with the winning bid , even more important than that winning the contract could give them a head start when it comes to building additional high speed rail systems around the country in the years to come , the sixty eight billion dollar rail line to transport travelers to tutor miles an hour between l. a. and san francisco , the contract to make the trains is worth a billion , although the trains will be built in the u. s. by american workers american companies lack the technological know how to run the show , funding already concerned insiders say china may have a leg up , flush with cash in playing the long game it's manufacturers may be willing to take a loss to beat the competition france and south korean companies are also in the running , meanwhile germany siemens which has been expanding its light rail factory in sacramento has pitched itself as a hometown hero , and on a recent visit japanese prime minister pitched california governor jerry brown hard , touting its safety record , safety will matter , the chinese bullet train crash the forty people dead four years ago stoking fears of a shoddy technology , and this shoe takes on extreme portents here at home after last week's amtrak crash in philadelphia