is china high speed rail profitable

[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. [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. 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. [209] Of the 3.313 billion passenger-trips delivered by China Railway in 2018, EMU train sets carried 2.001 billion passenger-trips. It is the western ward lines are losing money but that is narrowing too. [210] China currently holds many new patents related to the internal components of these trains, re-designed in China to allow the trains to run at higher speeds than the foreign designs allowed. Ministry held the power drafting policy on railroad transposition, development of the rail network and rail infrastructure in China. [14] In 2021, China's state railway company have also vowed to prioritise in reforms that aims to improve the productivity and efficiency of its high speed rail network, rather than focus on the expansion of track mileage. New rail lines are simply not going to be as profitable as more mature rail lines that have reached their planned capacity targets. | 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. [37] Alstom of France, Siemens of Germany, Bombardier Transportation based in Germany and a Japanese consortium led by Kawasaki all submitted bids. The earliest example of higher-speed commercial train service in China was the Asia Express, a luxury passenger train that operated in Japanese-controlled Manchuria from 1934 to 1943. To increase transport capacity, the MOR ordered 70 16-car trainsets from CSR Sifang and BST, including 10 sets of CRH1B and 20 sets of CRH2B seating trains, 20 sets of CRH1E and 20 sets of CRH2E sleeper trains. China's busiest high-speed rail line handles 1.35 billion passengers in 10 years. [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. "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. At 309 million (about $377 million) per mile, the U.K.'s High Speed 2 line, which is currently under construction, is the most . [62], After the political shake-up, concerns about HSR safety, high ticket prices, financial sustainability and environmental impact received greater scrutiny in the Chinese press. 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. Total investment in new rail lines grew from $14billion in 2004 to $22.7 and $26.2billion in 2006 and 2007. In the first three quarters of 2012, the line lost 1.87 billion. [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. Mainland tourists said the high hotel prices and the fully resumed cross-border high-speed rail were factors in . statistic alerts) please log in with your personal account. [183], China's high-speed railway network is by far the longest in the world. 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. They are known as passenger-designated lines (PDL). [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]. Show publisher information to incorporate the statistic into your presentation at any time. [111] The BeijingTianjin, ShanghaiNanjing, BeijingShanghai and ShanghaiHangzhou lines reported breaking even financially[114][115][116][117] The Shanghai-Nanjing line even reported to be operationally profitable,[116] operating with a 380 million yuan net profit. On mixed-use HSR lines, passenger train service can attain peak speeds of 200250km/h (120160mph). [178] In September 2010, daily ridership averaged 69,000 or an annual rate of 25.2million. High-speed rail developed rapidly in China since the mid-2000s. Maglev received a big boost in 2000 when the Shanghai Municipal Government agreed to purchase a turnkey TransRapid train system from Germany for the 30.5km (19.0mi) rail link connecting Shanghai Pudong International Airport and the city. Measured in passenger-kilometres Who We Are Work With Us Write For Us Media Release Partners Subscribe To ORF Contact Us research Programmes and Centres Some of these new railways are being built to accommodate speeds of 200250km/h (120160mph) for both passengers and freight. The expansion into HSR is also developing China into a leading source of high-speed rail building technology. Accessed May 01, 2023. https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Bloomberg. Published by Statista Research Department , Feb 3, 2023. Total investments in new rail lines including HSR reached $49.4billion in 2008 and $88billion in 2009. The line has a capacity of delivering 100million rides annually[180] and initial estimated repayment period of 16 years. As of 2022, the China State Railway Group has had a debt of around $900 billion USD, according to Nikkei. 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. 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. 'Rejuvenation') that based on indigenous technologies. Despite unmatched advantage in speed, the maglev has not gained widespread use in China's high-speed rail network due to high cost, German refusal to share technology and concerns about safety. 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. In addition to track and scheduling improvements, the MOR also deployed faster CRH series trains. 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. 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. August 18, 2020. Please create an employee account to be able to mark statistics as favorites. To better compete with foreign trainmakers, the central authorities arranged for the merger of the country's two main high-speed train-makers, CSR and CNR, into CRRC. Dedicated guideways eliminate shared tracks with slower freight, transit or Amtrak. [9] HSR lines with design speeds at 200250km/h (120160mph) are more common than higher speed lines. The fastest commercial train service measured by peak operational speed is the, The fastest commercial train service measured by average train speed is the CRH express service on the, The fastest timetabled start-to-stop runs between a station pair in the world are trains G17/G39 on the, The top speed attained by a non-maglev train in China is 487.3km/h (302.8mph) by a, This page was last edited on 1 May 2023, at 05:10. [184] According to the World Bank, a stable long term planning and standardization of technology and design used in the high-speed rail helps to reduce financial and operational cost. In 2004, the State Council in its Mid-to-Long Term Railway Development Plan, adopted conventional track HSR technology over maglev for the BeijingShanghai High Speed Railway and three other northsouth high-speed rail lines. While maglev was drawing attention to Shanghai, conventional track HSR technology was being tested on the newly completed Qinhuangdao-Shenyang Passenger Railway. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. 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. Conservative scholars and officials are worried about the profitability of high-speed railway construction. The line was electrified in 1998, and Swedish-made X 2000 trains increased service speed to 200km/h (124mph). [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%. This 405km (252mi) standard gauge, dual-track, electrified line was built between 1999 and 2003. The Shanghai Maglev Train, a turnkey Transrapid maglev demonstration line 30.5km (19.0mi) long. 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. A paid subscription is required for full access. By 2010, the truck system as a whole is predominantly Chinese. But high-speed trains often have to share tracks with slower, heavy freight trains in some cases with as little as 5 minutes headway. 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. [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.

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