Why High-Speed Rail is Such a Heavy Lift - Railway Age [76][77][78] The accident occurred when one train traveling near Wenzhou was struck by lightning, lost power and stalled. 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. 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. [158] Some economists recommend further subsidies to lower fares and boost ridership and ultimately revenues. 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. Accessed May 01, 2023. https://www.statista.com/statistics/1218788/china-profitability-of-high-sped-railway-by-route/, Bloomberg. Ride to profitability for China-backed Indonesian rail project may take 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. [178] To be able to repay principal, ridership would need to exceed 40million. If you are an admin, please authenticate by logging in again. "[140], Experts expressed concern of the network's operational efficiency. Train travel between central and southern Chinas largest cities, Wuhan and Guangzhou, was reduced to just over three hours. [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. As of 2022, the China State Railway Group has had a debt of around $900 billion USD, according to Nikkei. [187][53], The spread of high-speed rail has forced domestic airlines in China to slash airfare and cancel regional flights. [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 has built the bulk of the world's . With a total length of 968km (601mi) and capacity to accommodate trains traveling at 350km/h (217mph), the Wuguang PDL set a world record for the fastest commercial train service with average trip speed of 312.5km/h (194.2mph). [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. Public Transportation & Mobility Services, Intercity rail services in the United States, Get the best reports to understand your industry, World Rail Market Study - Executive Summary 2020. High-speed trains on PDLs can generally reach 300350km/h (190220mph). High-speed railways: A source of pride for China - CGTN China's busiest high-speed rail line handles 1.35 billion passengers in These are also considered high-speed rail though they are not part of the national HSR grid or Intercity High Speed Rail. In 2003, the MOR was believed to favor Japan's Shinkansen technology, especially the 700 series. Construction first started on this 1,318 km-line in 2008, and it opened for commercial service in 2011. [146], According to a costbenefit analysis by the Paulson Institute, the high-speed rail network benefits the Chinese economy by $378 billion, with an annual return on investment of 6.5%. 'Rejuvenation') that based on indigenous technologies. [note 3] The HSR building boom continues with the HSR network set to reach 70,000km (43,000mi) in 2035. This percentage increased to 65%, 69% and 72% in the year of 2013, 2014 and 2015, respectively. 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. [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. [61] 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. [101] From July to September, high-speed rail ridership in China fell by nearly 30 million to 151 million trips. Nowadays, China Railway no longer decides the railway policy, instead focus on the development of the rail network and rail infrastructure in China. China: length of high speed rail operation network 2021 | Statista The line has a capacity of delivering 100million rides annually[180] and initial estimated repayment period of 16 years. Some 295 stations have been built or renovated to allow high-speed trains.[31][32]. A Shanghai-Hangzhou maglev line was also initially discussed but later shelved in favour of conventional high-speed rail. But high-speed trains often have to share tracks with slower, heavy freight trains in some cases with as little as 5 minutes headway. 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. The line cost 20.42billion to build, and 1.8billion per annum to operate, including 0.6billion in interest payments on its 10billion of loan obligations. Bloomberg. [121] The number of high-speed train sets in operation grew from 1,277 pairs in June to 1,556.5 pairs in December. Financial losses during the ramp-up period should not be surprising for new rail lines. As of 2021, the operation length of the high-speed rail (HSR) in China amounted to around . "[4], Lastly, the HSR network includes newly built rail lines with a design speed of 200250km/h (120160mph) that can carry high-speed passenger and express freight trains.[4]. [231], Media related to High-speed rail in China at Wikimedia Commons, For rail transport in China generally, see. [4], China Railway High-speed (CRH) () is the major high-speed rail service provided by state-owned railway manufacturing and construction corporation China Railway. [97][98] The Minister of Railways announced further cuts in the speed of Chinese high-speed trains, with the speed of the second-tier 'D' trains reduced from 250km/h (155mph) to 200km/h (124mph), and 200km/h (124mph) to 160km/h (99mph) on upgraded pre-existing lines. 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. [138], Despite having the second largest route-kilometer growth after Turkey since 2017,[145] there has been debate whether China's high-speed railway network is economically efficient. Bombardier, through its joint venture with CSR's Sifang Locomotive and Rolling Stock Co (CSR Sifang), Bombardier Sifang (Qingdao) Transportation Ltd (BST). However, these patents are only valid within China, and as such hold no international power. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Number of train passengers in China 2009-2021, Passenger transport volume of highspeed railways in China 2008-2021, Share of high-speed rail network length among whole rail network in China 2014-2021, Fastest trains in the world by record speed 2022, Length of highspeed railway lines in use worldwide in 2021, by country, Length of the highspeed railway lines in operation worldwide in 2021, by country (in kilometers), High-speed train lines under construction worldwide in key countries 2022, High-speed lines under construction worldwide as of September 2022, by country (in kilometers), World's fastest trains in 2022, ranked by record speed (in kilometers per hour), Value of the largest rail infrastructure projects in the world in 2022, Value of the largest rail infrastructure projects worldwide as of February 2022 (in billion U.S. dollars), Forecast: estimated value of investment in new transport infrastructure in China 2020, Total estimated value of investment in new transport infrastructure in China 2020 (in billion yuan), Total volume of passenger transported by highspeed railways in China from 2008 to 2021 (in billions), Share of electrified railroad routes in China 2021, Degree of electrified railroad routes in China from 2005 to 2021, Length of express railways in China 2008-2021, Total length of operation network of high-speed railways in China from 2008 to 2021 (in 1,000 kilometers), Length of newly built express railways in China 2014-2021, Annual increase in the length of the operational high-speed rail network in China from 2014 to 2021 (in 1,000 kilometers), Share of China's high-speed rail operating network length in the entire railroad system from 2014 to 2021, Length of express railways by leading provinces in China 2021, Leading regions in China with high-speed rail networks exceeding 10,000 km by 2021 (in 1,000 kilometers), Number of high-speed trains in China 2013-2021, Number of high-speed trains in China from 2013 to 2021, China's high-speed train growth rate 2014-2021, Growth rate of high-speed trains in China from 2014 to 2021, Number of Fuxing Hao high-speed trainsets in China 2013-2021, Number of Fuxing Hao high-speed trainsets (standard EMU)* in China from 2013 to 2021, China: production of bullet trains by month 2020-2022, Production of bullet trains in China from February 2020 to February 2022, Cost distribution of China's Fuxing high-speed trainsets 2021, by component, Cost percentage distribution of China's Fuxing high-speed trainsets in 2021, by component, Largest high-speed railway stations in China 2020, Top 10 largest high-speed railway stations in China as of 2020, Revenue of the China State Railway Group (China Railway) 2017-2021, Revenue of the China State Railway Group Co., Ltd. (China Railway) from 2017 to 2021 (in trillion yuan), Number of China State Railway Group's high-speed trains 2017-2021, Number of high-speed trains owned by China State Railway Group Co., Ltd. from 2017 to 2021, Revenue of the China Railway Group (CREC) 2011-2021, Revenue of the China Railway Group (CREC) in China from 2011 to 2021 (in billion yuan), Operating revenue of CRRC Cor., Ltd. 2014-2021, Operating revenue of CRRC Cor., Ltd. from 2014 to 2021 (in billion yuan), Beijing-Shanghai High Speed Railway: revenue 2017-2021, Revenue of Beijing-Shanghai High Speed Railway Co., Ltd. from 2017 to 2021 (in billion yuan), Number of passengers on the Beijing-Shanghai high-speed rail line 2016-2021, Number of passengers transported on the Beijing-Shanghai High-speed rail line from 2016 to 2021 (in millions). China's high-speed railways plunge from high profits into a debt trap | ORF Most new HSR lines in China have witnessed a sharp decline in their "transportation density". 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. Chart. [37] Alstom of France, Siemens of Germany, Bombardier Transportation based in Germany and a Japanese consortium led by Kawasaki all submitted bids. 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.