data than referenced in the text. Construction first started on this 1,318 km-line in 2008, and it opened for commercial service in 2011. Are you interested in testing our business solutions? 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]. Nowadays, China Railway no longer decides the railway policy, instead focus on the development of the rail network and rail infrastructure in China. Achieving indigenous high-speed rail technology has been a major goal of Chinese state planners. He also introduced that a few days ago, he traveled from Chengdu to . The institution also found "a broad range of travelers of different income levels choose HSR for its comfort, convenience, safety and punctuality. [60] Investigators found evidence that another 187million ($28.5million) was misappropriated from the $33billion BeijingShanghai high-speed railway in 2010. [110] Over the course of the year, the MOR's budget rose from $64.3 billion to $96.5 billion. New rail lines are simply not going to be as profitable as more mature rail lines that have reached their planned capacity targets. [20] It was faster than the fastest trains in Japan at the time. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. [107], By early 2012, the Chinese government renewed investments in high-speed rail to rejuvenate the slowing economy. [134], The HSR network reached 37,900km (23,500mi) in total length by the end of 2020. China's busiest high-speed rail line handles 1.35 billion passengers in 10 years. [183], China's high-speed railway network is by far the longest in the world. More than 110,000 tourists from mainland China left Hong Kong on the first day . China's most profitable high-speed rail line, reporting 6.6 billion yuan (over $1 billion) in net operational profit in 2015, connects Beijing to Shanghai, two major economic zones. [52][53] The government has justified the expensive undertaking as promoting a number of policy objectives. How much is a high speed train ticket in China? [63][65][66] This was in response to concerns over safety, low ridership due to high ticket prices,[67] and high energy usage. Critics both in China and abroad have questioned the necessity of having an expensive high-speed rail system in a largely developing country, where most workers cannot afford to pay a premium for faster travel. [118], In 2014, high-speed rail expansion gained speed with the opening of the TaiyuanXi'an, HangzhouChangsha, Lanzhou-rmqi, Guiyang-Guangzhou, Nanning-Guangzhou trunk lines and intercity lines around Wuhan, Chengdu,[119] Qingdao[120] and Zhengzhou. [71] The CRH380A trainsets on the BeijingShanghai high-speed railway could reach a top operational speed of 380km/h (240mph) but were limited to 300km/h (186mph). To use individual functions (e.g., mark statistics as favourites, set [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. The line cost 20.42billion to build, and 1.8billion per annum to operate, including 0.6billion in interest payments on its 10billion of loan obligations. [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. [139] However, according to The New York Times, the Chinese high-speed rail network is "one of the worlds safest transportation systems. This 405km (252mi) standard gauge, dual-track, electrified line was built between 1999 and 2003. Rail Vehicle Market Report is highly -intensive driven by high R&D investment and has strong product analysis to maintain growth and ensure long-term monetization with a forecast period of 2023-2029. An investigation of 23 railway construction companies in August 2011 revealed that 70% of existing projects had been slowed or halted mainly due to shortage of funding. [132] The proposed completion date for the network is 2030. Quora - A place to share knowledge and better understand the world For example, the BeijingTianjin intercity railway in its two full years of operation, delivered over 41 million rides. ZhengzhouXi'an high-speed railway is estimated to run 59 trains in 2010 and 125 trains in 2018, yet in 2016 there are merely around 30 trains on operation, causing a 1.4 billion loss. In 2021, China's high-speed rail network had covered 40,000 kilometers, connecting 93% of the country's cities with a population of over 500,000. [45] According to CSR president Zhang Chenghong, CSR "made the bold move of forming a systemic development platform for high-speed locomotives and further upgrading its design and manufacturing technology. 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. [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. [10] In 2020, China started testing a maglev prototype train that runs at 600km/h (373mph) and planned a 2025 launch date. Signals malfunctioned, causing another train to rear-end the stalled train. 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). There have been numerous attempts to extend the line without success. Euro Carex (Europe Cargo Rail Express) is founded in April 2009 as an international non-profit association. [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. Even the more modest plan to extend the maglev to Shanghai's other airport, Hongqiao, has stalled. [83] State-run Chinese media confirmed 40 deaths, and at least 192 people hospitalised, including 12 who were severely injured. August 18, 2020. Kawasaki's cooperation with CSR did not last as long. [30] [117], On December 28, 2013, the total length of high-speed rail tracks nationally topped 10,000km (6,200mi) with the opening of the XiamenShenzhen, XianBaoji, ChongqingLichuan high-speed railways as well as intercity lines in Hubei and Guangxi. On mixed-use HSR lines, passenger train service can attain peak speeds of 200250km/h (120160mph). [22] At the time, the BeijingShanghai Railway was already at capacity, and the proposal was jointly studied by the Science & Technology Commission, State Planning Commission, State Economic & Trade Commission, and the MOR. An extended version of the Fuxing bullet train is expected to . [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). certain regional "intercity" HSR lines with a design speed of 200350km/h (120220mph). [120] High-speed passenger rail service expanded to 28 provinces and regions. Higher-speed train travel uses greater energy and imposes more wear on expensive machinery. [55][56], By January 2011, China had the world's longest high-speed rail network with about 8,358km (5,193mi)[57] of routes capable for at least 200km/h (124mph) running in service including 2,197km (1,365mi) of rail lines with top speeds of 350km/h (217mph). In the same year, the Ministry of Science and the MOR agreed to a joint action plan for the indigenous innovation of high-speed trains in China. The most important key figures provide you with a compact summary of the topic of "High-speed rail in China" and take you straight to the corresponding statistics. Financial losses during the ramp-up period should not be surprising for new rail lines. [209] At the end of 2018, cumulative passengers delivered by EMU trains is reported to be over 9 billion. [110] Five new lines totaling 2,563km (1,593mi) in length entered operation between June 30 and December 31, including the Beijing-Wuhan section of the Beijing-Guangzhou line. [citation needed] As of years ending 2008, 2009 and 2010, the MOR's debt-to-asset ratio was respectively, 46.81%, 53.06% and 57.44%,[105] and reached 58.58% by mid-year 2011. This statistic is not included in your account. In, Bloomberg. [84][85][86] The Wenzhou train accident and the lack of accountability by railway officials caused a public uproar and heightened concerns about the safety and management of China's high-speed rail system. [154] Conservative scholars and officials are worried that the indebted high-speed rail is further exacerbated by its unprofitability, operating at a daily loss of $24 million USD as of November 2021. [37] The State Council turned to advanced technology abroad but made clear in directives that China's HSR expansion could not only benefit foreign economies and should also be used to develop its own high-speed train building capacity through technology transfers. Please create an employee account to be able to mark statistics as favorites. [77][79][80][81][82] Several carriages derailed. According to a World Bank publication on Chinese HSR, by the end of 2017 "the length of 300350 kph lines was about 10,000 km, and the length of 200250 kph lines was about 15,000 km. statistic alerts) please log in with your personal account. China's Experience with High Speed Rail Offers Lessons for Other Countries This text provides general information. According to the filing, published by the China Securities Regulatory Commission on Friday, Beijing-Shanghai High Speed Railway, which operates the 1,300km (807 mile) line, booked a net profit of . They are known as passenger-designated lines (PDL). Conservative scholars and officials are worried about the profitability of high-speed railway construction. This is China High Speed Rail! .
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