Despite impressive ridership figures, virtually every completed line has incurred losses in its first years of operation. 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. [134], The HSR network reached 37,900km (23,500mi) in total length by the end of 2020. [96] On August 10, 2011, the Chinese government announced that it was suspending approvals of any new high-speed rail lines pending the outcome of the investigation. 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. Total investments in new rail lines including HSR reached $49.4billion in 2008 and $88billion in 2009. A total of 400 new generation trains were ordered. [104], To ease the credit shortage facing rail construction, the Ministry of Finance announced tax cuts to interest earned on rail construction financing bonds and the State Council ordered state banks to renew lending to rail projects. As per the official statement of National High-Speed Rail . Show publisher information This decision ended the debate and cleared the way for rapid construction of standard gauge, passenger dedicated HSR lines in China.[35][36]. "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. The expansion into HSR is also developing China into a leading source of high-speed rail building technology. The non-stop express train from Beijing to Fuzhou shortened travel time from 33.5 to less than 20 hours. China's once profitable railways records $900bn debt over push for growth 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. Chart. Two-direction departures at five-minute intervals, but can be as short as 1 minute. Along with CRH3C, produced by Siemens and CNR Tangshan, CSR Sifang bid 60 sets of CRH2C. Most of the new lines follow the routes of existing trunk lines and are designated for passenger travel only. [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. [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]. By 2010, the truck system as a whole is predominantly Chinese. 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 . Quora - A place to share knowledge and better understand the world [137] On the other hand, however, public concerns about the high-speed rail development have been raised from various perspectives. The study also noted a range of benefits which included shortened travel times, improved safety and better facilitation of tourism, labor and mobility, as well as reducing highway congestion, accidents and greenhouse emissions as some automobile travellers switch from car use to rail. Raymond Seow on Twitter: "What did the delicate girl do for the The institution also found "a broad range of travelers of different income levels choose HSR for its comfort, convenience, safety and punctuality. [188] As of October 2013, high-speed rail was carrying twice as many passengers each month as the country's airlines. 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. The HSR network encompasses newly built rail lines with a design speed of 200-350 km/h (120-220 mph). 10 years on, Beijing-Shanghai line on fast track to high-speed glory High-speed rail is also becoming relatively more affordable as fares have remained stable while worker wages have grown sharply over the same period. In May 2011, China's Environmental Protection Ministry ordered the halting of construction and operation of two high-speed lines that failed to pass environmental impact tests. If you are an admin, please authenticate by logging in again. Mainland tourists said the high hotel prices and the fully resumed cross-border high-speed rail were factors in . August 18, 2020. China Railway reports the number of passengers carried by high-speed EMU train sets and this figure is frequently reported as high-speed ridership, even though this figure includes passengers from EMU trains providing sub-high speed service. 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. For foreign train-makers, technology transfer is an important part of gaining market access in China. In the second year, ridership rose to 22.3million and revenues improved to 1.4billion, which narrowed losses somewhat to below 0.5billion. The earliest PDLs built were sections of the corridors that connected large cities in the same region. The centerpiece of China's expansion into high-speed rail is a national high-speed rail grid consisting of mainly passenger dedicated lines that is overlaid onto the existing railway network. [120] High-speed passenger rail service expanded to 28 provinces and regions. [9], Notable HSR lines in China include the BeijingGuangzhou high-speed railway which at 2,298km (1,428mi) is the world's longest HSR line in operation, and the BeijingShanghai high-speed railway with the world's fastest operating conventional train services. [42] They are known as CRH2A. China: profitability of high-speed railway by route | Statista [38] However, Chinese citizens angry with Japan's denial of World War II war crimes organized a web campaign to oppose the awarding of HSR contracts to Japanese companies. [Online]. Are you interested in testing our business solutions? In 2012, the average occupancy rate of high-speed rails in China was 57%. [69][70] In June, the MOR maintained that high-speed rail construction was not slowing down. Is high-speed rail travel on a track to nowhere? - BBC News 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. China's railway diplomacy hits the buffers | Financial Times After the founding of the People's Republic of China in 1949, this train model was renamed the SL-7 and was used by the Chinese Minister of Railways. In addition to track and scheduling improvements, the MOR also deployed faster CRH series trains. Train speeds have increased from a maximum of 200 km per hour to 350 km per hour - the fastest in the world. 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. Fares are competitive with bus and airfares and are about one-fourth the base fares in other countries. [179] [158] The Southeast HSR corridor lost 0.377billion in its first year beginning August 2009. [106] Affected lines included Xiamen-Shenzhen, Nanning-Guangzhou, Guiyang-Guangzhou, Shijiazhuang-Wuhan, Tianjin-Baoding and Shanghai-Kunming high-speed rail lines. [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]. [183] In 2016, the high-speed rail revenue was 140.9 billion RMB Yuan (20 billion USD), while the same term interest from at least 3300 billion debt of its construction was 156.8 billion RMB Yuan (22.4 billion USD). Six lines have started to make operating profits (ie, not counting construction costs), with the Beijing-Shanghai link the world's most profitable bullet train, pulling in 6.6bn yuan last year.. [103][104] Earnings from the more profitable freight lines helped to off-set losses by high-speed rail lines. [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. [30] Railway officials lowered the top speed of trains on most lines that were running at 350km/h (217mph) to 300km/h (186mph). The transferred technology includes assembly, body, bogie, traction current transforming, traction transformers, traction motors, traction control, brake systems, and train control networks. [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. 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 (26,000 mi) by the end of 2022. On August 1, 2008, the BeijingTianjin intercity railway opened in time for the 2008 Summer Olympics. Because public transportation is a service provided by the government, it serves for the entire national life and economic development. The China Railways DJF2 (Xianfeng) train was produced in 2001 and set a speed record of 292.8km/h (181.9mph) on September 10, 2002. They are known as passenger-designated lines (PDL). [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.

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