economy - Maglev to Hangzhou a done deal?

According to Xinhua, here quoted by Reuters, the Maglev-train from Shanghai to Hangzhou is a done deal. The 30 billion Renminbi (US$ 3.6 billion) deal has been signed off by the National Development and Reform Commission.
For those following the German efforts to sell this technology from the 1960s to the rest of the world, this must come as a surprise. The relatively high cost only recently forced the Dutch government to cancell such a project in the Netherlands, and apart from the current test track in Pudong that has happened everywhere else too.
Maybe miracles just can happen.