is china high speed rail profitable

In Europe that figure is $25m-$39m per kilometre, while in California, the only US state currently planning a high-speed line, it's more like $56m/km. 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. On August 1, 2008, the BeijingTianjin intercity railway opened in time for the 2008 Summer Olympics. In 2003, the MOR was believed to favor Japan's Shinkansen technology, especially the 700 series. [110] Premier Wen Jiabao visited train manufacturers and gave a vote of confidence in the industry. The CRH380 series(or family) of trains was initially built with direct cooperation (or help) from foreign trainmakers, but newer trainsets are based on transferred technology, just like the Hexie and Fuxing Hao. China's busiest high-speed rail line handles 1.35 billion passengers in In June 2002, a domestically made DJF2 train set a record of 292.8km/h (181.9mph) on the track. | Pedestrian Observations", National Development and Reform Commission 2016, "30,000-kilometer high-speed railway to cover 80% of urban areas by 2020", "No timetable yet for Shanghai-Hangzhou maglev line: official", "Beijing's first maglev line resumes construction", "All Existing and U/C Maglev Lines in 2020", "High-speed rail construction not suspended People's Daily Online", "China Railway sets out 2017 targets International Railway Journal", "China Exclusive: Five bln trips made on China's bullet trains", "China's railways report 3.57b passenger trips in 2019", "Total volume of passenger transported by highspeed railways in China from 2008 to 2021", "Train Makers Rail Against China's High-Speed Designs", "China Rail Chief's Firing Hints at Trouble", "High-Speed Trains in China to Run Slower, Ministry Says", "Full steam ahead for high-speed rail patents overseas", "Chinese firm launches R&D on 600 km/h maglev train", "China Is Eager to Bring High-Speed Rail Expertise to the U.S.", "Indonesia's Handling of High-speed Train Project Adds to Business Confusion, Mixed Messages to Japan, China Come as Indonesia courts foreign investors", "Siemens joins China bid for Saudi Haramain project", "GE and China MOR Sign Strategic MOU to Advance High-Speed Rail Opportunities in the U.S.", Chinese Firm Constructs High-Speed Railway in Turkey, "China to Design New Russian High-Speed Railway", "Shanghai Maglev Train (431 km/h) - High Definition Video", "China restores bullet train speed to 350 km/h Xinhua | English.news.cn", "China begins to restore 350 kmh bullet train Xinhua | English.news.cn", "China powers ahead as new entrants clock in", "China launches longest high-speed train service" China Daily, National Development and Reform Commission, https://en.wikipedia.org/w/index.php?title=High-speed_rail_in_China&oldid=1152594619, Stimulates the economy in the short term as HSR construction creates jobs and drives up demand for construction, steel and cement industries during the economic downturn. [52] In addition, high-speed rail fares are considerably more expensive than conventional rail service. As a Premium user you get access to background information and details about the release of this statistic. Moreover, State-owned corporation also uses bulk purchasing to reduce material prices. On mixed-use HSR lines, passenger train service can attain peak speeds of 200250km/h (120160mph). [37] Alstom of France, Siemens of Germany, Bombardier Transportation based in Germany and a Japanese consortium led by Kawasaki all submitted bids. [221], In January 2014, the China Railway Construction Corporation completed a 30km (19mi) section of the Ankara-Istanbul high-speed railway between Eskiehir and nn in western Turkey.[222]. The GuiyangGuangzhou high-speed railway and LanzhouXinjiang high-speed railway are both suffering from high maintenance cost due to harsh climate conditions and complicated terrain structure. With a total length of 968km (601mi) and capacity to accommodate trains traveling at 350km/h (217mph), the Wuguang PDL set a world record for the fastest commercial train service with average trip speed of 312.5km/h (194.2mph). The line was electrified in 1998, and Swedish-made X 2000 trains increased service speed to 200km/h (124mph). In addition to track and scheduling improvements, the MOR also deployed faster CRH series trains. The HSR network encompasses newly built rail lines with a design speed of 200-350 km/h (120-220 mph). [219] China is also competing with Japan, Germany, South Korea, Spain, France and Italy to bid for California's high-speed rail line project, which would connect San Francisco and Los Angeles. 'The Greenest Bullet Train In The World': Wes Edens Wants - Forbes [137] On the other hand, however, public concerns about the high-speed rail development have been raised from various perspectives. "[16][17], High-speed rail in China is officially defined as "newly-built passenger-dedicated rail lines designed for electrical multiple unit (EMU) train sets traveling at not less than 250km/h (155mph) (including lines with reserved capacity for upgrade to the 250km/h (155mph) standard) on which initial service operate at not less than 200km/h (124mph). He also introduced that a few days ago, he traveled from Chengdu to . China has the world's only commercial maglev high-speed train line in operation. China's high-speed rail expansion is entirely managed, planned and financed by the Chinese government. On one hand, the demand of high-speed rail in China steadily increases over time. Higher-speed express train service allowed more trains to share the tracks and improved rail transport capacity. "[140], Experts expressed concern of the network's operational efficiency. Public Transportation & Mobility Services, Intercity rail services in the United States, Get the best reports to understand your industry, World Rail Market Study - Executive Summary 2020. Available: https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Number of high-speed railways in China as of August in 2019, by profit status and speed, Immediate access to statistics, forecasts & reports, High-speed train lines under construction worldwide in key countries 2022, Value of the largest rail infrastructure projects in the world in 2022, Forecast: estimated value of investment in new transport infrastructure in China 2020, Share of electrified railroad routes in China 2021, Length of express railways in China 2008-2021, Length of newly built express railways in China 2014-2021, Share of high-speed rail network length among whole rail network in China 2014-2021, Length of express railways by leading provinces in China 2021, Number of high-speed trains in China 2013-2021, China's high-speed train growth rate 2014-2021, Number of Fuxing Hao high-speed trainsets in China 2013-2021, China: production of bullet trains by month 2020-2022, Cost distribution of China's Fuxing high-speed trainsets 2021, by component, Largest high-speed railway stations in China 2020, Revenue of the China State Railway Group (China Railway) 2017-2021, Number of China State Railway Group's high-speed trains 2017-2021, Operating revenue of CRRC Cor., Ltd. 2014-2021, Beijing-Shanghai High Speed Railway: revenue 2017-2021, Number of passengers on the Beijing-Shanghai high-speed rail line 2016-2021, Share of holiday short distance intercity public transportation Taiwan 2020, by mode, Sales revenue of Taiwan High Speed Rail 2017-2020, by segment, Share of holiday medium distance intercity public transportation Taiwan 2020,by mode, Share of sales revenue of Taiwan High Speed Rail 2017-2020, by segment, Share of weekday long distance intercity public transportation Taiwan 2020, by mode, Share of weekday extra long distance public transportation in Taiwan 2020, by mode, Share of weekday medium distance intercity public transportation Taiwan 2020 by mode, Expenditures on pollution prevention of Taiwan High Speed Rail 2018-2023, Number of train services of Taiwan High Speed Rail 2013-2020, Net profit of Taiwan High Speed Rail 2014-2020, Monthly ridership of Taiwan High Speed Rail 2020, Share of short distance intercity public transport in weekday Taiwan 2020, by mode, Expenditures on environmental impact research of Taiwan High Speed Rail 2018-2021, Profit ratio of Taiwan High Speed Rail 2014-2020, Find your information in our database containing over 20,000 reports. 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. [52][53] The government has justified the expensive undertaking as promoting a number of policy objectives. 2016, CRH (China Railway High-speed) express service has been launched on trial in China's 505 cities where have access to the high-speed . [47] Kawasaki challenged China's high-speed rail project for patent theft, but backed off the effort.[48]. A total of 400 new generation trains were ordered. (Chinese), provincial-level administrative divisions, electrical multiple unit (EMU) train sets, Campaign to raise the speed of railway travel in China, conventional high-speed rail line was built between Shanghai and Hangzhou, Sifang Locomotive and Rolling Stock Co (CSR Sifang), high-speed railway between Beijing and Shanghai, List of high-speed railway lines in China Four Vertical and Four Horizontal" network, WuhanGuangzhou high-speed railway (Wuguang PDL), GuangzhouShenzhenHong Kong high-speed railway, List of high-speed railway lines in China, GuangzhouShenzhenHong Kong Express Rail Link, upgraded in the sixth round of the "Speed-up Campaign", California's high-speed rail line project, "Length of Beijing-HK rail network same as Equator", "New high-speed trains on drawing board- China.org.cn", "Full speed ahead for China's high-speed rail network in 2019", "China builds the world's longest high-speed rail as a rail stalls in the U.S.", "China's fast track to high-speed rail exports", "China-Tibet bullet trains to commence operations before July", "China sets railway building spree in high-speed motion", "World's Longest Fast Train Line Opens in China", "China to step up testing on fastest-ever maglev train", "China's High-Speed Rail, the world's longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion", "China Railway's debt nears $900bn under expansion push", "Is this the end of the line for China's rapid railway investment? 29 Apr 2023 00:13:13 [106][147] The MOR, through its financing arm, the China Rail Investment Corp (CRIC), issued an estimated 1trillion (US$150billion in 2010 dollars) in debt to finance HSR construction from 2006 to 2010,[158] including 310billion in the first 10 months of 2010. [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. "Michael Forsythe "Letter from China: Is China's Economy Speeding Off the Rails? In June 2004, the MOR solicited bids to make 200 high-speed train sets that can run 200km/h (124mph). What did the delicate girl do for the first time in the high-speed rail? Ministry held the power drafting policy on railroad transposition, development of the rail network and rail infrastructure in China. China has built around 26,000 miles (42,000 kilometers) of dedicated high-speed railways since 2008 and plans to top 43,000 miles (70,000 kilometers) by 2035. Statista. Manufacturers of electric locomotives - based on market share 2013-2017, Market share of high-speed rail construction in China 2020, by leading player, Beijing-Shanghai High Speed Railway net profit 2017-2021, Public expenditure on transport infrastructure in China 2012-2022, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. [102] New projects were put on hold and completion dates for existing projects, including the Tianjin-Baoding, Harbin-Jiamusi, Zhengzhou-Xuzhou and Hainan Ring (West), were pushed back. 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. [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. Why High-Speed Rail is Such a Heavy Lift - Railway Age Accessed May 01, 2023. https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Bloomberg. [63][64], Following the deadly crash, the Chinese government suspended new railway project approvals and launched safety checks on existing equipment. The MOR then launched the CRH1-350 (Bombardier and BST, designated as CRH380D), CRH2-350 (CSR, designated as CRH380A/AL), and CRH3-350 (CNR and Siemens, designated as CRH380B/BL & CRH380CL), to develop a new generation of CRH trains with a top operation speed of 380km/h (236mph). 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. [50], After committing to conventional-track high-speed rail in 2006, the state embarked on an ambitious campaign to build passenger-dedicated high-speed rail lines, which accounted for a large part of the government's growing budget for rail construction. This has allowed high-speed rail to attract more than 1.7 billion passengers a year from all income groups. [37] The Japanese government touted the 40-year track record of the Shinkansen and offered favorable financing. [115][116] However in 2013, only few lines had yet become profitable. "When you look at the systems in Japan, at the systems in China, nine major cities in Japan are connected with true high-speed rail; China has 26,000 miles of high-speed train routes. This stands over three times the HSR distance of the. [9] HSR lines with design speeds at 200250km/h (120160mph) are more common than higher speed lines. [30] [10] In 2020, China started testing a maglev prototype train that runs at 600km/h (373mph) and planned a 2025 launch date. Kawasaki won an order for 60 train sets based on its E2 Series Shinkansen for 9.3billion. [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. [209] Of the 3.313 billion passenger-trips delivered by China Railway in 2018, EMU train sets carried 2.001 billion passenger-trips. China: length of high speed rail operation network 2021 | Statista China Railway assumed control of complete railway network that was built by the dissolved Ministry of Railways. Is high-speed rail travel on a track to nowhere? - BBC News As of 2010, the CRIC-bonds are considered to be relatively safe investments because they are backed by assets (the railways) and implicitly by the government. Number of high-speed railways in China as of August in 2019, by profit status and speed [Graph]. [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. [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. [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. High-speed rail in China - Wikipedia Is China High-Speed Rail profitable? Find your information in our database containing over 20,000 reports, China's investment in intercity high-speed rail and rail transit. Two-direction departures at five-minute intervals, but can be as short as 1 minute. Quora - A place to share knowledge and better understand the world [note 3] The HSR building boom continues with the HSR network set to reach 70,000km (43,000mi) in 2035. . China has built the bulk of the world's . [51] In all, the state planned to spend $300billion to build a 25,000km (16,000mi) HSR network by 2020.[52][53]. 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. This percentage increased to 65%, 69% and 72% in the year of 2013, 2014 and 2015, respectively. China's Beijing-Shanghai high-speed rail operator is more profitable 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). An extended version of the Fuxing bullet train is expected to . [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). According to an analysis conducted in 2019, only five out of 15 fast 350 kilometers-per-hour high-speed railway lines in China could cover all costs, including operating and capital costs.. The BeijingShanghai high-speed railway, the second major cross-regional line, opened in June 2011 and was the first line designed with a top speed of 380km/h (236mph) in commercial service. High-speed railway in China - statistics & facts | Statista [24][25] The MOR focused modernization efforts on increasing the service speed and capacity on existing lines through double-tracking, electrification, improving grade (through tunnels and bridges), reducing turn curvature and installing continuous welded rail. This statistic is not included in your account. 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. High-speed trains on HSR Corridors can generally reach 300350km/h (190220mph). 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. In October 2010, CRH service more than 1,000 trains per day, with a daily ridership of about 925,000.[193]. In the second year, ridership rose to 22.3million and revenues improved to 1.4billion, which narrowed losses somewhat to below 0.5billion. 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. According to a World Bank paper published last week, China's high-speed rail so far has cost between $17m and $21m per kilometre, even though it has a high ratio of big-ticket viaducts and tunnels. The 4+4 national HSR grid was largely completed by the end of 2015 and now serves as the backbone of China's HSR network. [14] The report also found that the highest benefit high-speed rail hubs were the ones going through densely populated corridors such as Shanghai, Hangzhou, Beijing, Wuhan and Guangzhou, while the lowest benefit ones were remote locations such as Kunming, Nanning and rmqi.[14]. Please create an employee account to be able to mark statistics as favorites. [188] Flights on routes over 1,500km (930mi) are generally unaffected. High-speed ridership statistics in China are often reported as the number of passengers carried by high-speed EMU train sets, and such figures typically include passengers on EMU trains operating on non-high speed track or at service speeds below 200km/h (124mph).[19]. The development of the HSR network in China was initially delayed by a debate over the type of track technology to be used. [209] Nevertheless, by any measure, high-speed rail ridership in China has grown rapidly with expansion of the high-speed rail network and EMU service since 2008. China's high-speed rail network appears to be following this trend. [citation needed]. They are known as passenger-designated lines (PDL). "[18] EMU train sets have no more than 16railcars with axle load not greater than 17tonnes and service interval of not less than threeminutes. Zhang Jianwei, President and Chief Country Representative of Bombardier China, stated that in a 2009 interview, Whatever technology Bombardier has, whatever the China market needs, there is no need to ask. liability for the information given being complete or correct. Bloomberg. 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. The introduction of more non-stop service between large cities also helped to reduce travel time. In mid 2015, China has signed up to design a high-speed railway between the Russian cities of Moscow and Kazan, one of the first concrete examples of the new business with China that Russian officials have been pursuing with renewed vigor since falling out with the West. [135] In 2025, the HSR network will reach a total lenght of 50.000km and will grow further.[136]. The completion dates are 2020 and 2021.[196]. As of March 2011, no major quality defects had been found in the system. won an order for 40 eight-car train sets based on Bombardier's Regina design. [12][13] However, a Paulson Institute research had estimated that the net benefit of the high-speed rail to the Chinese economy to be approximately $378 billion and an annual return on investment at 6.5%. Build It, And They Will. [42] They are known as CRH2A. [188] By the spring of 2011, commercial airline service had been completely halted on previously popular routes such as WuhanNanjing, WuhanNanchang, XianZhengzhou and ChengduChongqing. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. [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. China's first line, the Qinhuangdao-Shenyang passenger railway, was opened in 2003. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. [30] To attain higher speeds and transport capacity, planners began to propose a passenger-dedicated HSR network on a grand scale. [158] The Zhengzhou-Xian HSR since opening in February 2010 was expected to generate revenues of 0.6billion in its first full year but must make interest payments of 1.1billion. 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Alstom also won an order for 60 train sets based on the New Pendolino developed by Alstom-Ferroviaria in Italy. This ambitious national grid project was planned to be built by 2020, but the government's stimulus has expedited time-tables considerably for many of the lines. 'Rejuvenation') that based on indigenous technologies. The new trains reduced travel time between Beijing and Shanghai by two hours to just under 10 hours. [55][72] [144] In addition, it is hard to identify problems in the construction process, given the distribution resource planning system needed for rapid railway building and assembling.

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is china high speed rail profitable

is china high speed rail profitable