won an order for 40 eight-car train sets based on Bombardier's Regina design. Bloomberg. There is no better way of transportation than China's high-speed rail," Solheim added at his Wechat public account on Wednesday. [27][note 4] In all, travel speed increased on 22,000km (14,000mi), or one-fifth, of the national rail network, and the average speed of passenger trains improved to 70km/h (43mph). Accessed May 01, 2023. https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Bloomberg. Within two years of cooperation with Kawasaki to produce 60 CRH2A sets, CSR began in 2008 to build CRH2B, CRH2C and CRH2E models at its Sifang plant independently without assistance from Kawasaki. High-speed rail in China. Suppliers and manufacturers blame each other for any problem detected in the trial operation, while tracking the construction process to every single detail is an almost impossible job for inspectors. On August 1, 2008, the BeijingTianjin intercity railway opened in time for the 2008 Summer Olympics. 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.. [20] The steam-powered train, which ran on the South Manchuria Railway from Dalian to Xinjing (Changchun), had a top commercial speed of 110km/h (68mph) and a test speed of 130km/h (81mph). ", "High-Speed Rail: The Fast Track to Economic Development? In China, high-speed rail service is competitive with road and air transport for distances of up to about 1200 km. Economic benefits of high-speed rail: Do they match the breakneck speed? Overcrowding on existing rail lines, they said, could be solved by expanding capacity through higher speed and frequency of service. [178] The terms of the loans range from 510 years at interest rates of 6.3 to 6.8 percent. [158] Some economists recommend further subsidies to lower fares and boost ridership and ultimately revenues. ", Bloomberg, Number of high-speed railways in China as of August in 2019, by profit status and speed Statista, https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/ (last visited May 01, 2023), Number of high-speed railways in China as of August in 2019, by profit status and speed [Graph], Bloomberg, August 18, 2020. [15], A 2019 World Bank study estimated the rate of economic return of China's high-speed rail network to be at 8 percent, which is well above the opportunity cost of capital in China for major long term infrastructure investments. [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). With the exception of Siemens which refused to lower its demand of CN350million per train set and 390million for the technology transfer, the other three were all awarded portions of the contract. 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. China's once profitable railways records $900bn debt over push for growth What was once China's profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping $900 billion ANI Asia China's railway records $900 bn debt amid push for expansion 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. Those sections will carry a mix of passenger and freight. [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). State planning for China's current high-speed railway network began in the early 1990s under the leadership of Deng Xiaoping. Because public transportation is a service provided by the government, it serves for the entire national life and economic development. How much is a high speed train ticket in China? China Doesn't Need Another 125,000 Miles of High-Speed Rail - Bloomberg It was profitable every year between 2014 and 2019, according to national railway operator China State Railway Group Co. [106] As of October 2011, the MOR was reportedly concentrating remaining resources on fewer high-speed rail lines and shifting emphasis to more economically viable coal transporting heavy rail. Top speed of 220 mph with some routes running as high as 250 mph. The Shanghai Maglev Train, a turnkey Transrapid maglev demonstration line 30.5km (19.0mi) long. 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. A Whopping $900B Debt - China's Once-Profitable High-Speed Railways Now [141] The government also articulated the importance and urgency of assuring the capacity of railway staff, especially their familiarity with telecommunication and signaling testing in the official investigation of the Wenzhou train collision. Chart. The report quotes an unnamed executive who . The line supports commercial train service at speeds of 200250km/h (120160mph), and has become a segment of the rail corridor between Beijing and Northeast China. 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.. 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. 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. [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. China Railway Corporation, the state-owned rail operator and investor in the country's high-speed networks, has debts of Rmb3.8tn ($558bn), much more than the national debt of Greece. [43] Trains with Alstom technology carry the CRH5 designation. In addition to track and scheduling improvements, the MOR also deployed faster CRH series trains. Ministry held the power drafting policy on railroad transposition, development of the rail network and rail infrastructure in China. Through five rounds of "Speed-Up" campaigns in April 1997, October 1998, October 2000, November 2001, and April 2004, passenger service on 7,700km (4,800mi) of existing tracks was upgraded to reach sub-high speeds of 160km/h (100mph).[26]. [30] To attain higher speeds and transport capacity, planners began to propose a passenger-dedicated HSR network on a grand scale. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. High-speed rail is a costly endeavor which requires massive investments in research and development and components that can range from $17 to $21 million per kilometer of rail. A planned launch of the maglev train was set for 2025. China's high-speed railway between Beijing and Shanghai served 130 million people last year, and a shareholder says it made a net profit of $1 billion--its first since opening in 2011. ZhengzhouXi'an high-speed railway is estimated to run 59 trains in 2010 and 125 trains in 2018, yet in 2016 there are merely around 30 trains on operation, causing a 1.4 billion loss. Learn more about how Statista can support your business. [143] However, the rail staff productivity upon railway track infrastructure index in China is less than 0.05, being the lowest among the countries with significant railway construction. China: length of high speed rail operation network 2021 | Statista [37] Alstom of France, Siemens of Germany, Bombardier Transportation based in Germany and a Japanese consortium led by Kawasaki all submitted bids. 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. Then you can access your favorite statistics via the star in the header. Conservative scholars and officials are worried about the profitability of high-speed railway construction. ZhengzhouXi'an high-speed railway is estimated to run 59 trains in 2010 and 125 trains in 2018, yet in 2016 there are merely around 30 trains on operation, causing a 1.4 billion loss. What did the delicate girl do for the first time in the high-speed rail? Some intercity lines run parallel to other high-speed rail lines but serve more stations along the route. [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. For example, the BeijingTianjin intercity railway in its two full years of operation, delivered over 41 million rides. Several sections of the national grid, especially along the southeast coastal corridor, were built to link cities that had no previous rail connections. [188] As of October 2013, high-speed rail was carrying twice as many passengers each month as the country's airlines. [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. China Railway assumed control of complete railway network that was built by the dissolved Ministry of Railways. Elevated concrete prefab guideways that are above roads, water and other rail systems. [42] They are known as CRH2A. Service failures in the first month of operation drove passengers back to pre-existing slower rail service and air travel; airline ticket prices rebounded due to reduced competition. At 309 million (about $377 million) per mile, the U.K.'s High Speed 2 line, which is currently under construction, is the most . [63][65][66] This was in response to concerns over safety, low ridership due to high ticket prices,[67] and high energy usage. Published by Statista Research Department , Feb 3, 2023. [141][142] In 2016, Chinese railways carried almost 2 trillion ton-kilometers of freight and over 1 billion passenger-kilometer of passengers, making it one of the world's most intensively used freight and passenger railway networks in the world. We are happy to help. Euro Carex (Europe Cargo Rail Express) is founded in April 2009 as an international non-profit association. The CRH's high-speed trains are called Harmony and Rejuvenation. The ballastless track technology, imported from Germany, carries higher upfront costs but can reduce maintenance costs. [99] The speed of the remaining 350km/h (217mph) trains between Shanghai and Hangzhou was reduced to 300km/h (186mph) as of August 28, 2011. [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. [73] Foreign manufacturers involved in Shanghai-Beijing high-speed link reported that their contracts call for maximum operational speed of 300km/h (186mph). Some of the Hexie Hao train sets are manufactured locally through technology transfer, a key requirement for China. ", Gerald Ollivier, Richard Bullock, Ying Jin and Nanyan Zhou, "High-Speed Railways in China: A Look at Traffic" World Bank China Transport Topics No. 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. Intercity railways are designed to provide regional high-speed rail service between large cities and metropolitan areas that are generally within the same province. China has built the world's largest bullet-train network Financial losses during the ramp-up period should not be surprising for new rail lines. 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