Siemens, Deutsche Bahn target U.S. rail business

FRANKFURT Aug 22 (Reuters) - German engineering conglomerate Siemens (SIEGn.DE) and rail operator Deutsche Bahn [DBN.UL] plan a joint entry into the U.S. rail business, spokesmen for the two companies said on Saturday.

The two companies aim to profit from President Barack Obama's plan to expand U.S. rail infrastructure, which is part of the country's economic programme, the spokesmen said.

German magazine Der Spiegel also reported on Saturday that Siemens would supply high-speed ICE-3 trains and transport technology, while Deutsche Bahn would operate the rail links. The magazine said the U.S. government plans 11 projects to build out its rail system, including high-speed rail links between major centres such as Miami and Orlando or San Francisco and Los Angeles.

(Reporting by Georg Merziger, Writing by Jonathan Gould; Editing by Keiron Henderson)