By 2008, as part of the infrastructure development plan that accompanied the country hosting the Olympic Games, high-speed trains between Beijng and Tainjin were introduced and set the world record for average journey speed at 313km/h . [note 3] The HSR building boom continues with the HSR network set to reach 70,000km (43,000mi) in 2035. Along with CRH3C, produced by Siemens and CNR Tangshan, CSR Sifang bid 60 sets of CRH2C. Clicking on the following button will update the content below. U.S. high-speed rail 'myths' debunked - CNN.com The WuhanGuangzhou high-speed railway (Wuguang PDL), which opened on December 26, 2009, was the country's first cross-regional high-speed rail line. How fast is bullet train in China? [citation needed]. Please do not hesitate to contact me. This percentage increased to 65%, 69% and 72% in the year of 2013, 2014 and 2015, respectively. The price tag of the Shanghai Maglev was believed to be $1.3billion and was partially financed by the German government. [11], Economically, there were initial concerns, particularly outside China, over the high-speed rail's cost, debt and profitability. 10 years on, Beijing-Shanghai line on fast track to high-speed glory As soon as this statistic is updated, you will immediately be notified via e-mail. The refusal of the Transrapid Consortium to share technology and source production in China made large-scale maglev production much more costly than high-speed train technology for conventional lines. The HSR network encompasses newly built rail lines with a design speed of 200-350 km/h (120-220 mph). 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. [178], The Shijiazhuang-Taiyuan PDL lost 0.8billion in its first year and is set to lose 0.9billion in 2010. In 2004, the Shanghai Maglev Train became the world's first commercially operated high-speed maglev. [102][103] By October, work had halted on the construction of 10,000km (6,200mi) of track. The Chinese firm will work alongside two Russian companies for on the designs for a total cost of 20.8 billion rubles ($383 million) over the next two years, according to Russian Railways. As per the official statement of National High-Speed Rail . [33] At the time, planners were divided between using high-speed trains with wheels that run on conventional standard gauge tracks or magnetic levitation trains that run on special maglev tracks for a new national high-speed rail network. The global expansion of China's high-speed rail sector is particularly problematic because of its disregard for profit. Show sources information "Michael Forsythe "Letter from China: Is China's Economy Speeding Off the Rails? [106] Affected lines included Xiamen-Shenzhen, Nanning-Guangzhou, Guiyang-Guangzhou, Shijiazhuang-Wuhan, Tianjin-Baoding and Shanghai-Kunming high-speed rail lines. On August 1, 2008, the BeijingTianjin intercity railway opened in time for the 2008 Summer Olympics. 'The Greenest Bullet Train In The World': Wes Edens Wants - Forbes Observer Research Foundation | ORF Several HSR lines planned and built as a regional high-speed railway under the 2008 Revisions have since been incorporated into the 8+8 national grid. The HSR network reached 42,000km (26,000mi) in total length in December 2022[3] with plans to reach 70,000km (43,000mi) in 2035. Opponents noted that high-speed rail in other countries were expensive and mostly unprofitable. [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. How profitable is China's high-speed rail? - by Glenn Luk The line was electrified in 1998, and Swedish-made X 2000 trains increased service speed to 200km/h (124mph). Dedicated guideways eliminate shared tracks with slower freight, transit or Amtrak. Some of these new railways are being built to accommodate speeds of 200250km/h (120160mph) for both passengers and freight. EMU trains operating on non-high speed track or otherwise but at speeds below 200km/h (124mph) are not considered high-speed rail. They are built with the approval of the central government but are financed and operated largely by local governments with limited investment and oversight from the China Rail Corporation. Certain mixed use freight and passenger rail lines, that can be upgraded for train speeds of 250km/h (155mph), with current passenger service of at least 200km/h (124mph), are also considered high-speed rail.[18]. High-speed rail service in China was introduced on April 18, 2007 and traffic has grown 30% per annum ever since, reaching 1.44 billion in 2016: four times of the HSR volume in Japan, nine times France's, and greater than north America's total air traffic. China's 'Most Profitable' High-Speed Rail Finally Makes Profit Fact Sheet | High Speed Rail Development Worldwide Because public transportation is a service provided by the government, it serves for the entire national life and economic development. In June 2004, the MOR solicited bids to make 200 high-speed train sets that can run 200km/h (124mph). Is European high-speed rail profitable? [OC] 24 hours of high-speed trains in China - Reddit The following year, Siemens reshuffled its bidding team, lowered prices, joined the bidding for 350km/h (217mph) trains and won a 60-train set order. A total of 400 new generation trains were ordered. [183], China's high-speed railway network is by far the longest in the world. In China, high-speed rail service is competitive with road and air transport for distances of up to about 1200 km. China's Beijing-Shanghai high-speed rail operator is more profitable [158] To prevent that eventuality, the MOR is trying to improve management of its rapidly growing HSR holdings. To use individual functions (e.g., mark statistics as favourites, set [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. [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. Alstom also won an order for 60 train sets based on the New Pendolino developed by Alstom-Ferroviaria in Italy. 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. Work on the, Facilitates cross-city economic integration and promotes the growth of. [42] They are known as CRH2A. 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. [120] High-speed passenger rail service expanded to 28 provinces and regions. [180] If the rail-backed loans cannot be fully repaid, they may be refinanced or the banks may seize ownership of the railways. [23] In 1995, Premier Li Peng announced that preparatory work on the Beijing Shanghai HSR would begin in the 9th Five Year Plan (19962000), but construction was not scheduled until the first decade of the 21st century. [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. [180] In December 2014, the Henan provincial government imposed a rule requiring municipal authorities pay 70% of the deficit incurred by Henan's intercity lines with the provincial authorities paying the remainder 30%. [39] The MOR delayed the decision, broadened the bidding and adopted a diversified approach to adopting foreign high-speed train technology. The introduction of more non-stop service between large cities also helped to reduce travel time. If you are an admin, please authenticate by logging in again. At the beginning of the 21st century China had no high-speed railways. The plan envisions a larger 8+8 high speed rail grid serving the nation and expanded intercity lines for regional and commuter services for large metropolitan areas of China. This text provides general information. [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. [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. 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 of February 2016, high-speed rails covered nearly 20,000km (12,427mi). [63][64], In April 2011, the new Minister of Railways Sheng Guangzu said that due to corruption, safety may have been compromised on some construction projects and completion dates may have to be pushed back. COVID-19 outbreak disrupted rail transport 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. [52] They are competing directly with the established European and Japanese manufacturers, and sometimes partnering with them. 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. The China Star (DJJ2) train followed the same September with a new record of 321km/h (199mph). [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. Rail Vehicle Market Restraints, Segments and Regional - MarketWatch 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. [156] In an analysis conducted in 2019, only five out of fifteen high speed railway lines with travel speeds reaching 350 kilometers per hour, were able to cover all costs that included both the operating and capital costs.[157]. In 2018, China Railway operated 3,970.5 pairs of passenger train service, of which 2,775 pairs were carried by EMU train sets.
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