is china high speed rail profitable

[27][note 4] In all, travel speed increased on 22,000km (14,000mi), or one-fifth, of the national rail network, and the average speed of passenger trains improved to 70km/h (43mph). In Saudi Arabia's Haramain High Speed Rail Project, Alstom partnered with China Railway Construction Corp. to win the contract to build phase I of the Mecca to Medina HSR line, and Siemens has joined CSR to bid on phase II. [180] Others warn that the financing side of the existing construction and operation model is unsustainable. data than referenced in the text. China Railway Corporation, the state-owned rail operator and investor in the country's high-speed networks, has debts of Rmb3.8tn ($558bn), much more than the national debt of Greece. Are you interested in testing our business solutions? Use Ask Statista Research Service, Public Transportation & Mobility Services, Fastest trains in the world by record speed 2022, Length of highspeed railway lines in use worldwide in 2021, by country, Passenger transport volume of highspeed railways in China 2008-2021, Revenue of the China Railway Group (CREC) 2011-2021, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. China has built the bulk of the world's . The high-speed rail (HSR) network in the People's Republic of China (PRC) is the world's longest and most extensively used with a total length of 42,000 kilometres (26,000mi) by the end of 2022. By Global Times Published: Jun 22, 2021 10:38 PM. Learn more about how Statista can support your business. [209] Of the 3.313 billion passenger-trips delivered by China Railway in 2018, EMU train sets carried 2.001 billion passenger-trips. If you are an admin, please authenticate by logging in again. [132] The proposed completion date for the network is 2030. statistic alerts) please log in with your personal account. Top speed of 220 mph with some routes running as high as 250 mph. What did the delicate girl do for the first time in the high-speed rail? [63][65][66] This was in response to concerns over safety, low ridership due to high ticket prices,[67] and high energy usage. [106] As of October 12, 2011, the MOR had issued 160 billion of debt for the year. High-speed rail developed rapidly in China since the mid-2000s. While a number of high-speed railways in eastern China have started to be operationally profitable since 2015, the high speed railways in the midwest still operate at a loss. [102][103] By October, work had halted on the construction of 10,000km (6,200mi) of track. [62], After the political shake-up, concerns about HSR safety, high ticket prices, financial sustainability and environmental impact received greater scrutiny in the Chinese press. Finally, residents living along the proposed maglev route have raised health concerns about noise and electromagnetic radiation emitted by the trains, despite an environmental assessment by the Shanghai Academy of Environmental Sciences saying the line was safe. [63][64], Following the deadly crash, the Chinese government suspended new railway project approvals and launched safety checks on existing equipment. ", "High-Speed Rail: The Fast Track to Economic Development? China is the third country, after Japan and France, to have one billion cumulative HSR passengers. "[140], Experts expressed concern of the network's operational efficiency. At 309 million (about $377 million) per mile, the U.K.'s High Speed 2 line, which is currently under construction, is the most . The CRH's high-speed trains are called Harmony and Rejuvenation. High-speed trains on HSR Corridors can generally reach 300350km/h (190220mph). Higher-speed express train service allowed more trains to share the tracks and improved rail transport capacity. Between June and September 2005, the MOR launched bidding for high-speed trains with a top speed of 350km/h (217mph), as most of the main high-speed rail lines were designed for top speeds of 350km/h (217mph) or higher. Most of China's hsr lines are actually quite busy. [21] In December 1990, the Ministry of Railways (MOR) submitted to the National People's Congress a proposal to build a high-speed railway between Beijing and Shanghai. By 2008, as part of the infrastructure development plan that accompanied the country hosting the Olympic Games, high-speed trains between Beijng and Tainjin were introduced and set the world record for average journey speed at 313km/h . In June 1998, at a State Council meeting with the Chinese Academies of Sciences and Engineering, Premier Zhu Rongji asked whether the high-speed railway between Beijing and Shanghai still being planned could use maglev technology. It is the railway company that loses money, and the people and the whole country who profit. [185], In 2013 fares for China's high-speed rail service costs significantly less than similar systems in other developed countries, for comparison high speed rail tickets in France or Germany cost slightly over US$0.10 per kilometer and the various Shinkansen services hover above US$0.20 per kilometer. Under political and public pressure, the National Audit Office (NAO) carried out an extensive investigation into the building quality of all high-speed rail lines. The introduction of more non-stop service between large cities also helped to reduce travel time. The development of the HSR network in China was initially delayed by a debate over the type of track technology to be used. Through five rounds of "Speed-Up" campaigns in April 1997, October 1998, October 2000, November 2001, and April 2004, passenger service on 7,700km (4,800mi) of existing tracks was upgraded to reach sub-high speeds of 160km/h (100mph).[26]. The China Star (DJJ2) train followed the same September with a new record of 321km/h (199mph). [187][53], The spread of high-speed rail has forced domestic airlines in China to slash airfare and cancel regional flights. Currently, the HSR extends to all provincial-level administrative divisions and Hong Kong SAR,[note 1][note 2] with the exception of Macau SAR. As of February 2016, high-speed rails covered nearly 20,000km (12,427mi). [97][98] The Minister of Railways announced further cuts in the speed of Chinese high-speed trains, with the speed of the second-tier 'D' trains reduced from 250km/h (155mph) to 200km/h (124mph), and 200km/h (124mph) to 160km/h (99mph) on upgraded pre-existing lines. [40] These trains, designated CRH1A, were delivered in 2006. China's high-speed rail network appears to be following this trend. The earliest example of higher-speed commercial train service in China was the Asia Express, a luxury passenger train that operated in Japanese-controlled Manchuria from 1934 to 1943. [37] All had to adapt their HSR train-sets to China's own common standard and assemble units through local joint ventures (JV) or cooperate with Chinese manufacturers. [178] The terms of the loans range from 510 years at interest rates of 6.3 to 6.8 percent. [156] In an analysis conducted in 2019, only five out of fifteen high speed railway lines with travel speeds reaching 350 kilometers per hour, were able to cover all costs that included both the operating and capital costs.[157]. [178] In its first year of operation from August 1, 2008, to July 31, 2009, the line carried 18.7million riders and generated 1.1billion in revenues, which resulted in a loss of 0.7billion.

Beats Flashing White Light, Wolves For Sale In Pennsylvania, Is Flaxseed Alkaline Or Acidic, Frances Tracy Pennoyer, Who Is Running Against Chuck Schumer In November 2020, Articles I