Hans Ueberschaer, Germans ambassador visited the city together with Harmut Heine, representative of Thyssen Krupp. They had an initial discussion with the mayor there about the prospect of the project. The talks were believed to be constructive and paved the way for the future talks in Berlin, where a commitment was reached.

　　Sources familiar with the talks estimated that the project would cost US$723 million, which would cover everything from land use fees and rail construction to train cars. Completion date is 2005. A joint venture company is to be established for the project.

　　EXERCISE:

　　1. Who paved the way for further negotiations in Berlin?

　　A) The mayor

　　B) Both the German ambassador and the mayor.

　　C) The German ambassador.

　　D) The representative from the German company.

　　2. What was the signed commitment mainly about?

　　A) Finalizing the payment of US$723 million.

　　B) Establishing a joint venture company.

　　C) Conducting a feasibility study.

　　D) Outlining the German companys intention to export its technology.

　　3. What is the main feature of Maglev?

　　A) The Maglev train floats above the guideway and zip to its destination.

　　B) The Maglev train zips to its destination on the railway.

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