The biggest cost savings were found to be time saved by replacing automobile and air trips, which contribute to increased traffic and delays at each endpoint respectively. Along with CRH3C, produced by Siemens and CNR Tangshan, CSR Sifang bid 60 sets of CRH2C. As of February 2016, high-speed rails covered nearly 20,000km (12,427mi). 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. China's Beijing-Shanghai high-speed rail operator is more profitable Some of the Hexie Hao train sets are manufactured locally through technology transfer, a key requirement for China. The line was electrified in 1998, and Swedish-made X 2000 trains increased service speed to 200km/h (124mph). Overcrowding on existing rail lines, they said, could be solved by expanding capacity through higher speed and frequency of service. COVID-19 outbreak disrupted rail transport China Railway assumed control of complete railway network that was built by the dissolved Ministry of Railways. 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. ", Bloomberg, Number of high-speed railways in China as of August in 2019, by profit status and speed Statista, https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/ (last visited May 01, 2023), Number of high-speed railways in China as of August in 2019, by profit status and speed [Graph], Bloomberg, August 18, 2020. The global expansion of China's high-speed rail sector is particularly problematic because of its disregard for profit. [30] Despite unmatched advantage in speed, the maglev has not gained widespread use in China's high-speed rail network due to high cost, German refusal to share technology and concerns about safety. 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]. [133], Since 2017, with the introduction of the Fuxing series of trains, a number of lines have resumed 350km/h operations such as BeijingShanghai HSR, BeijingTianjin ICR, and ChengduChongqing ICR. [187][53], The spread of high-speed rail has forced domestic airlines in China to slash airfare and cancel regional flights. The new trains reduced travel time between Beijing and Shanghai by two hours to just under 10 hours. [143] However, the rail staff productivity upon railway track infrastructure index in China is less than 0.05, being the lowest among the countries with significant railway construction. Fares are competitive with bus and airfares and are about one-fourth the base fares in other countries. [47] Kawasaki challenged China's high-speed rail project for patent theft, but backed off the effort.[48]. [155] The Beijing-Shanghai high-speed railway is one of the few lines that have been profitable, with profits steadily increasing after first breaking even in 2014, and achieving revenue of CNY 29.6 billion and net profit of CNY 12.7 billion in 2017. On October 26, 2010, China opened its 15th high-speed rail, the ShanghaiHangzhou line, and unveiled the CRH380A trainset manufactured by CSR Sifang started regular service. As a Premium user you get access to background information and details about the release of this statistic. He said there are only a few examples of high-speed rail networks that turn a profit, due to a rare combination of passenger numbers and distance. A notable example is the GuangzhouShenzhen railway, which in December 1994 became the first line in China to offer sub-high-speed service of 160km/h (99mph) using domestically produced DF-class diesel locomotives. [180] Others warn that the financing side of the existing construction and operation model is unsustainable. passenger dedicated lines (PDLs) with a design speed of 350km/h (217mph), regional lines connecting major cities with a design speed of 250km/h (155mph), and. China's flagship high-speed rail project in Indonesia is expected to become profitable 40 years after completion - not 20 as earlier projected - partly because plans to shift the capital to . Some intercity lines run parallel to other high-speed rail lines but serve more stations along the route. An extended version of the Fuxing bullet train is expected to . Statista assumes no China's Experience with High Speed Rail Offers Lessons for Other Countries [209] This EMU passenger figure includes ridership from certain D- and C-class trains that are technically not within the definition of high-speed rail in China, as well as ridership from EMU train sets serving routes on conventional track or routes that combine high-speed track and conventional track. The Shanghai Maglev is the world's first high-speed commercial magnetic levitation ("maglev") line, whose trains run on non-conventional track and reach a top speed of 430km/h (267mph). Euro Carex (Europe Cargo Rail Express) is founded in April 2009 as an international non-profit association. What did the delicate girl do for the first time in the high-speed rail? New Delhi [India], May 1 (ANI): The training of Indian engineers and work leaders have started for the High-Speed Rail Track system for the Mumbai-Ahmedabad high speed rail corridor (MAHSR), for T-2 Package (covering 237 km between Vapi and Vadodara). Is China high-speed rail profitable? IPO for China's most profitable high-speed train State to sell 15% of Beijing to Shanghai line to help fund less profitable rail services by KG Chan October 29, 2019 A bullet train departs Shanghai's Hongqiao Station. How profitable is China's high-speed rail? - Quora As a Premium user you get access to the detailed source references and background information about this statistic. [51] In response to the global economic recession, the government accelerated the pace of HSR expansion to stimulate economic growth. China's high-speed rail is not profitable, and it is steadily losing money. According to Xinhua News Agency, the aggregate results of the six Speed Up Campaigns were: boosting passenger train speed on 22,000km (14,000mi) of tracks to 120km/h (75mph), on 14,000km (8,700mi) of tracks to 160km/h (99mph), on 2,876km (1,787mi) of tracks to 200km/h (124mph) and on 846km (526mi) of tracks to 250km/h (155mph). [137] On the other hand, however, public concerns about the high-speed rail development have been raised from various perspectives. A Japanese report envisioned a winner-take all scenario in which the winning technology provider would supply China's trains for over 8,000km (5,000mi) of high-speed rail. [76][77][78] The accident occurred when one train traveling near Wenzhou was struck by lightning, lost power and stalled. Total investment in new rail lines grew from $14billion in 2004 to $22.7 and $26.2billion in 2006 and 2007. How much is a high speed train ticket in China? [210] China currently holds many new patents related to the internal components of these trains, re-designed in China to allow the trains to run at higher speeds than the foreign designs allowed. Those sections will carry a mix of passenger and freight. A paid subscription is required for full access. [139] However, according to The New York Times, the Chinese high-speed rail network is "one of the worlds safest transportation systems. The protests gathered over a million signatures and politicized the issue. [68] The CRH380A/AL, the first indigenous high-speed train of the CRH series, entered service on the Shanghai-Hangzhou High-Speed Railway on October 26, 2010. Rail Vehicle Market Restraints, Segments and Regional - MarketWatch Those sections will carry a mix of passenger and freight. [195] Additionally, another two lines are under construction, the Qingyuan Maglev and the Fenghuang Maglev. [102] In late October and November 2011, the MOR raised RMB 250 billion in fresh financing and construction resumed on several lines including the Tianjin-Baoding, Xiamen-Shenzhen and Shanghai-Kunming. The trains have a top operational speed of 430km/h (267mph) and can reach a top non-commercial speed of 501km/h (311mph). As of 2023[update], it remains the fastest commercial train in the world with peak speeds of 431km/h (268mph) and makes the 30.5km (19.0mi) trip in less than 7.5 minutes. Kawasaki won an order for 60 train sets based on its E2 Series Shinkansen for 9.3billion. The price tag of the Shanghai Maglev was believed to be $1.3billion and was partially financed by the German government. A unit of Russia's state-owned JSC Russian Railways signed a contract with the design unit of China's state-controlled China Railway Group to come up with the plans for a 770 kilometer high-speed rail between the two Russian cities. [123], The government actively promoted the export of high-speed rail technology to countries including Mexico, Thailand, the United Kingdom, India, Russia and Turkey. The HSR network includes new mixed passenger-freight lines with a design speed of 200250km/h (120160mph). On April 19, 2008, HefeiNanjing PDL in the East opened with a top-speed of 250km/h (155mph). [citation needed]. Are high-speed rail systems profitable? - KnowledgeBurrow.com [215][216], Typical application of track technology in China high-speed lines, Chinese train-makers and rail builders have signed agreements to build HSRs in Turkey, Venezuela, Argentina,[217] and Indonesia[218] and are bidding on HSR projects in the United States, Russia, Saudi Arabia, Brazil (So Paulo to Rio de Janeiro) and Myanmar, and other countries. Most of the new lines follow the routes of existing trunk lines and are designated for passenger travel only. Many users want proof that high-speed rail can be a profitable, efficient job generator to help raise the sagging U.S. economy when compared with other types of transportation. This would later allow the Chinese government through CRRC to make the more reliable Fuxing Hao and Hexie Hao trains. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [178] To be able to repay principal, ridership would need to exceed 40million. [110] Over the course of the year, the MOR's budget rose from $64.3 billion to $96.5 billion. This line between northern China's two largest cities, was the first in the country to accommodate commercial trains with top speed of 350km/h (217mph) and featured the CRH2C and CRH3C train sets. [49], On October 19, 2010, the MOR announced the beginning of research and development of "super-speed" railway technology, which would increase the maximum speed of trains to over 500km/h (311mph). Sanctions: Economic Weapon of the New Cold War - MR Online Bombardier, the first foreign train-maker to form a joint venture in China, has been sharing technology for the manufacture of railway passenger cars and rolling stock since 1998. Mainland tourists said the high hotel prices and the fully resumed cross-border high-speed rail were factors in . Business Solutions including all features. [111] By the end of 2012, the total length of high-speed rail tracks had reached 9,300km (5,800mi), and ridership rebounded and exceeded levels prior to the Wenzhou crash. The train operated in commercially on conventional rail lines in southwest China from 2007 to 2010. [111] The BeijingTianjin, ShanghaiNanjing, BeijingShanghai and ShanghaiHangzhou lines reported breaking even financially[114][115][116][117] The Shanghai-Nanjing line even reported to be operationally profitable,[116] operating with a 380 million yuan net profit. [209] In 2007, CRH EMU trains running on conventional track upgraded in the sixth round of the "Speed-up Campaign" carried 61 million passengers, before the country's first high-speed rail line, the BeijingTianjin intercity railway, opened in August 2008. 1st May 2023, 23:03 GMT+10. China has built the world's largest bullet-train network [106] Affected lines included Xiamen-Shenzhen, Nanning-Guangzhou, Guiyang-Guangzhou, Shijiazhuang-Wuhan, Tianjin-Baoding and Shanghai-Kunming high-speed rail lines. [94][95] A commission was formed to investigate the accident with a directive to report its findings in September 2011. The "fastest" train commercial service can be defined alternatively by a train's top speed or average trip speed. Read how federal. China's once profitable railways records $900bn debt over push for growth What was once China's profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping $900 billion ANI Asia China's railway records $900 bn debt amid push for expansion 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. [87][88] Quality and safety concerns also affected plans to export cheaper high-speed train technology to other countries. U.S. high-speed rail 'myths' debunked - CNN.com The order had a similar delivery structure with three shipped directly from Savigliano along with six kits assembled by CNR's CRRC Changchun Railway Vehicles, and the rest locally made with transferred technology and some imported parts. . In July 2016, the state planners reorganized the national HSR network including HSR lines in operation, under construction and under planning into eight vertical and eight horizontal high speed rail corridors, almost doubling the network.[189][190]. High-speed rail in China. As soon as this statistic is updated, you will immediately be notified via e-mail. [61] Conservative scholars and officials are worried about the profitability of high-speed railway construction. [OC] 24 hours of high-speed trains in China - Reddit They became known as passenger-designated lines (PDLs). In 2007, travel time from Beijing to Shanghai was about 10 hours at a top speed of 200km/h (124mph) on the upgraded BeijingShanghai Railway. Large construction debt-loads require significant revenues from rider fares, subsidies, and/or other sources of income, such as advertising, to repay. Trains can operate at 200km/h (124mph) on many of the conventional main lines. While maglev was drawing attention to Shanghai, conventional track HSR technology was being tested on the newly completed Qinhuangdao-Shenyang Passenger Railway. He also introduced that a few days ago, he traveled from Chengdu to . 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. The GuiyangGuangzhou high-speed railway and LanzhouXinjiang high-speed railway (where fares do not cover electricity costs) are both suffering from high maintenance cost due to harsh climate conditions and complicated terrain structure. [129], By 2015, six high speed rail lines, BeijingTianjin, ShanghaiNanjing, BeijingShanghai, ShanghaiHangzhou, NanjingHangzhou and GuangzhouShenzhenHong Kong report operational profitability. [dead link][58] The MOR reportedly committed investment of 709.1billion (US$107.9billion) in railway construction in 2010 and would invest 700billion (US$106billion) in 2011 on 70 railway projects, including 15 high-speed rail projects. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Number of train passengers in China 2009-2021, Passenger transport volume of highspeed railways in China 2008-2021, Share of high-speed rail network length among whole rail network in China 2014-2021, Fastest trains in the world by record speed 2022, Length of highspeed railway lines in use worldwide in 2021, by country, Length of the highspeed railway lines in operation worldwide in 2021, by country (in kilometers), High-speed train lines under construction worldwide in key countries 2022, High-speed lines under construction worldwide as of September 2022, by country (in kilometers), World's fastest trains in 2022, ranked by record speed (in kilometers per hour), Value of the largest rail infrastructure projects in the world in 2022, Value of the largest rail infrastructure projects worldwide as of February 2022 (in billion U.S. dollars), Forecast: estimated value of investment in new transport infrastructure in China 2020, Total estimated value of investment in new transport infrastructure in China 2020 (in billion yuan), Total volume of passenger transported by highspeed railways in China from 2008 to 2021 (in billions), Share of electrified railroad routes in China 2021, Degree of electrified railroad routes in China from 2005 to 2021, Length of express railways in China 2008-2021, Total length of operation network of high-speed railways in China from 2008 to 2021 (in 1,000 kilometers), Length of newly built express railways in China 2014-2021, Annual increase in the length of the operational high-speed rail network in China from 2014 to 2021 (in 1,000 kilometers), Share of China's high-speed rail operating network length in the entire railroad system from 2014 to 2021, Length of express railways by leading provinces in China 2021, Leading regions in China with high-speed rail networks exceeding 10,000 km by 2021 (in 1,000 kilometers), Number of high-speed trains in China 2013-2021, Number of high-speed trains in China from 2013 to 2021, China's high-speed train growth rate 2014-2021, Growth rate of high-speed trains in China from 2014 to 2021, Number of Fuxing Hao high-speed trainsets in China 2013-2021, Number of Fuxing Hao high-speed trainsets (standard EMU)* in China from 2013 to 2021, China: production of bullet trains by month 2020-2022, Production of bullet trains in China from February 2020 to February 2022, Cost distribution of China's Fuxing high-speed trainsets 2021, by component, Cost percentage distribution of China's Fuxing high-speed trainsets in 2021, by component, Largest high-speed railway stations in China 2020, Top 10 largest high-speed railway stations in China as of 2020, Revenue of the China State Railway Group (China Railway) 2017-2021, Revenue of the China State Railway Group Co., Ltd. (China Railway) from 2017 to 2021 (in trillion yuan), Number of China State Railway Group's high-speed trains 2017-2021, Number of high-speed trains owned by China State Railway Group Co., Ltd. from 2017 to 2021, Revenue of the China Railway Group (CREC) 2011-2021, Revenue of the China Railway Group (CREC) in China from 2011 to 2021 (in billion yuan), Operating revenue of CRRC Cor., Ltd. 2014-2021, Operating revenue of CRRC Cor., Ltd. from 2014 to 2021 (in billion yuan), Beijing-Shanghai High Speed Railway: revenue 2017-2021, Revenue of Beijing-Shanghai High Speed Railway Co., Ltd. from 2017 to 2021 (in billion yuan), Number of passengers on the Beijing-Shanghai high-speed rail line 2016-2021, Number of passengers transported on the Beijing-Shanghai High-speed rail line from 2016 to 2021 (in millions).

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