Yes, their rail systems are superb. Investment in the sector has been strengthening, order books have jumped, check out UNP and European equivalents like Alstom.
LA's metro is getting 1B/year spent on upgrades and extenions for the next couple decades.
Good to see China's now started spending around US50B/year on rail, UBS reckon they need to top that up by an extra 10B/year.
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