Is high-speed rail profitable in China?
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 result showed that the faster high-speed rail lines were more profitable in China.
How much did China spend on high-speed rail?
In comparison, China’s HSR costs an average of up to US $21 million per kilometre.
Who owns China’s high-speed rail?
the China Railway Corporation
China’s HSR accounts for two-thirds of the world’s total high-speed railway networks. Almost all HSR trains, track and service are owned and operated by the China Railway Corporation under the brand China Railway High-speed (CRH).
Is high-speed rail a good investment?
Investment in high-speed rail is supporting jobs, labor income and economic output across a number of California’s regions, including some of those hardest hit by the Great Recession. Learn more about the approximately $8.5 billion invested in the nation’s first high-speed rail system over the past decade and more.
Is the Japanese bullet trains profitable?
Since launching in 1964, the bullet trains have proved to be remarkably safe, resilient and lucrative: Not only do many of the lines turn a healthy profit, but Shinkansen technology, including the software that supports the trains’ famous punctuality, is a valuable Japanese export.
Does high-speed rail make money?
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. For example, most of the companies that run Japan’s Shinkansen or “bullet train” lines operate at a profit, as do some fast trains on France’s state-owned SNCF network.
How many bullet trains does China have?
By late-2020, China National Railways was operating more than 9,600 high-speed trains per day, including the world’s only high-speed overnight sleeper services on selected longer-distance routes.
What is China’s high-speed rail (HSR)?
China’s HSR accounts for two-thirds of the world’s total high-speed railway networks. Almost all HSR trains, track and service are owned and operated by the China Railway Corporation under the brand China Railway High-speed (CRH) .
How does China finance its high-speed rail projects?
China’s high-speed rail construction projects are highly capital intensive. About 40–50% of financing is provided by the national government through lending by state owned banks and financial institutions, another 40% by the bonds issued by the Ministry of Railway (MOR) and the remaining 10–20% by provincial and local governments.
Is China’s high-speed rail still reporting staggering losses?
^ a b “China’s high-speed rail still reporting staggering losses”. chinawatch.com. 2013-02-03. Archived from the original on 2013-11-10. Retrieved 2013-02-03. ^ 中国高铁版图再扩容:兰新、贵广、南广高铁今日开通. 中国新闻网 (in Chinese (China)). 2014-12-26.