is china high speed rail profitable

[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. Later, we began to independently develop high-speed CRH trains with a maximum velocity of 300350 kilometers per hour, which eventually rolled off the production line in December 2007. [51] In all, the state planned to spend $300billion to build a 25,000km (16,000mi) HSR network by 2020.[52][53]. Along with CRH3C, produced by Siemens and CNR Tangshan, CSR Sifang bid 60 sets of CRH2C. Annual car sales worldwide 2010-2022, with a forecast for 2023, Battery electric vehicles in use worldwide 2016-2021, Annual gas prices in the United States 1990-2021, Automotive industry worldwide - statistics & facts, Motorcycle industry in the United States - statistics & facts, Profit from additional features with an Employee Account. [182], The MOR faces a debt-repayment peak in 2014. Train speeds have increased from a maximum of 200 km per hour to 350 km per hour - the fastest in the world. Former senior UN officer praises Chinese high-speed railway China's high-speed rail expansion is entirely managed, planned and financed by the Chinese government. In June 2004, the MOR solicited bids to make 200 high-speed train sets that can run 200km/h (124mph). The Economist estimates Liu accepted 1billion of bribes ($152million) in connection with railway construction projects. During the Sixth Railway Speed Up Campaign, 52 CRH trainsets (CRH1, CRH2 and CRH5) entered into operation. 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. An extended version of the Fuxing bullet train is expected to . Retrieved 2011-07-25", "First Chinese designed HS train breaks cover", "Keith Bradsher, "China Sees Growth Engine in a Web of Fast Trains". [24][25] The MOR focused modernization efforts on increasing the service speed and capacity on existing lines through double-tracking, electrification, improving grade (through tunnels and bridges), reducing turn curvature and installing continuous welded rail. [87][88] Quality and safety concerns also affected plans to export cheaper high-speed train technology to other countries. Are you interested in testing our business solutions? For foreign train-makers, technology transfer is an important part of gaining market access in China. [40] These trains, designated CRH1A, were delivered in 2006. Construction of the high-speed railway between Beijing and Shanghai, the world's first high-speed rail with a designed speed of 380km/h (236mph), began on April 18, 2008. State planning for China's current high-speed railway network began in the early 1990s under the leadership of Deng Xiaoping. And almost lines along Eastern coast are busy and profitable. 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. Another top official in the Railways Ministry, Zhang Shuguang, was also sacked for corruption. We would like to show you a description here but the site won't allow us. In 2018, annual ridership on EMU train sets, which encompasses officially defined high-speed rail service as well as certain sub-high-speed service routes, accounted for about two-thirds of all regional rail trips (not including urban trains) in China.

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is china high speed rail profitable

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