[100] To stimulate ridership, on August 16, 2011 ticket prices on high-speed trains were reduced by five percent. China: passenger transport volume of highspeed rail 2021 - Statista [4] China's HSR accounts for two-thirds of the world's total high-speed railway networks. Several sections of the national grid, especially along the southeast coastal corridor, were built to link cities that had no previous rail connections. Between June and September 2005, the MOR launched bidding for high-speed trains with a top speed of 350km/h (217mph), as most of the main high-speed rail lines were designed for top speeds of 350km/h (217mph) or higher. [178] The terms of the loans range from 510 years at interest rates of 6.3 to 6.8 percent. 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. 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. Even the Beijing-Shanghai line, China's most profitable high-speed rail line, reported 56.6 percent less net profit in 2021 than in 2019. [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. This line between northern China's two largest cities, was the first in the country to accommodate commercial trains with top speed of 350km/h (217mph) and featured the CRH2C and CRH3C train sets. In 1993, commercial train service in China averaged only 48km/h (30mph) and was steadily losing market share to airline and highway travel on the country's expanding network of expressways. Learn more about how Statista can support your business. China Doesn't Need Another 125,000 Miles of High-Speed Rail - Bloomberg [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. China's busiest high-speed rail line handles 1.35 billion passengers in 10 years. Over the past decade, the country has added over 35,000 kilometers to its high-speed rail (HSR) network, with the total length that far exceeds the rest of the world combined. The high-speed rail (HSR) network in the People's Republic of China (PRC) is the world's longest and most extensively used - with a total length of 42,000 kilometres (26,000 mi) by the end of 2022. The US still waits for its high-speed rail revolution | CNN They are known as passenger-designated lines (PDL). [112][113] China's 1,580 high-speed trains were transporting 1.33 million passengers daily, about 25.7% of the overall passenger traffic. 'The Greenest Bullet Train In The World': Wes Edens Wants - Forbes Some intercity lines run parallel to other high-speed rail lines but serve more stations along the route. [52] In addition, high-speed rail fares are considerably more expensive than conventional rail service. [178] To break even, the line must deliver 30 million rides annually. We are happy to help. The 4+4 national HSR grid was largely completed by the end of 2015 and now serves as the backbone of China's HSR network. [178] To be able to repay principal, ridership would need to exceed 40million. China's first line, the Qinhuangdao-Shenyang passenger railway, was opened in 2003. [50], After committing to conventional-track high-speed rail in 2006, the state embarked on an ambitious campaign to build passenger-dedicated high-speed rail lines, which accounted for a large part of the government's growing budget for rail construction. More than 110,000 tourists from mainland China left Hong Kong on the first day . [135] In 2025, the HSR network will reach a total lenght of 50.000km and will grow further.[136]. [40] These trains, designated CRH1A, were delivered in 2006. 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. [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%. [230] It overtook the G529/530 trains for the Beijing West - Beihai (Beihai Railway Station [zh]) service (2,697km (1,676mi), 15 1/2 hours for southbound train, 15 3/4 hours for northbound train), which had set the previous record on July 1, 2016. The expansion into HSR is also developing China into a leading source of high-speed rail building technology. 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. The high-speed rail (HSR) network in the People's Republic of China (PRC) is the world's longest and most extensively used with a total length of 42,000 kilometres (26,000mi) by the end of 2022. 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. [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. "China to Bid on US High-Speed Rail Projects" A.P. [179] [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). The report quotes an unnamed executive who . COVID-19 outbreak disrupted rail transport China's busiest high-speed rail line handles 1.35 billion passengers in China's high-speed rail construction projects are highly capital intensive. Trains on the Beijing-Tianjin high-speed line and a few other inter-city lines remained at 350km/h (217mph). The weakness on intellectual property of Hexie Hao causes obstruction for China to export its high-speed rail related product, which leads to the development of the completely redesigned train franchise called Fuxing Hao (simplified Chinese: ; traditional Chinese: ; pinyin: Fxng Ho; lit. It is the railway company that loses money, and the people and the whole country who profit. Clicking on the following button will update the content below. This is . 2016, CRH (China Railway High-speed) express service has been launched on trial in China's 505 cities where have access to the high-speed . Economic benefits of high-speed rail: Do they match the breakneck speed? 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. Are high-speed rail systems profitable? - KnowledgeBurrow.com Bombardier transfers advanced and mature technology to China, which we do not treat as an experimental market.[44] Unlike other series which have imported prototypes, all CRH1 trains have been assembled at Bombardier's joint-venture with CSR, Bombardier Sifang in Qingdao. Train speeds have increased from a maximum of 200 km per hour to 350 km per hour - the fastest in the world. [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. 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. Overcrowding on existing rail lines, they said, could be solved by expanding capacity through higher speed and frequency of service. In addition to track and scheduling improvements, the MOR also deployed faster CRH series trains. Show sources information [120] High-speed passenger rail service expanded to 28 provinces and regions. [178], The Shijiazhuang-Taiyuan PDL lost 0.8billion in its first year and is set to lose 0.9billion in 2010. [4], China Railway High-speed (CRH) () is the major high-speed rail service provided by state-owned railway manufacturing and construction corporation China Railway. He also introduced that a few days ago, he traveled from Chengdu to . [61] According to Xinhua News Agency, the aggregate results of the six Speed Up Campaigns were: boosting passenger train speed on 22,000km (14,000mi) of tracks to 120km/h (75mph), on 14,000km (8,700mi) of tracks to 160km/h (99mph), on 2,876km (1,787mi) of tracks to 200km/h (124mph) and on 846km (526mi) of tracks to 250km/h (155mph). Higher-speed train travel uses greater energy and imposes more wear on expensive machinery. By 2010, the truck system as a whole is predominantly Chinese. [133], Since 2017, with the introduction of the Fuxing series of trains, a number of lines have resumed 350km/h operations such as BeijingShanghai HSR, BeijingTianjin ICR, and ChengduChongqing ICR. [231], Media related to High-speed rail in China at Wikimedia Commons, For rail transport in China generally, see. . [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. [47] Kawasaki challenged China's high-speed rail project for patent theft, but backed off the effort.[48]. As of 2021, the operation length of the high-speed rail (HSR) in China amounted to around . Those sections will carry a mix of passenger and freight. Some of these new railways are being built to accommodate speeds of 200250km/h (120160mph) for both passengers and freight. [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. In the second year, ridership rose to 22.3million and revenues improved to 1.4billion, which narrowed losses somewhat to below 0.5billion. Instead, a conventional subway line was built to connect the two airports, and a conventional high-speed rail line was built between Shanghai and Hangzhou. The line was electrified in 1998, and Swedish-made X 2000 trains increased service speed to 200km/h (124mph). Intercity HSR service speeds range from 200350km/h (120220mph). Find your information in our database containing over 20,000 reports, China's investment in intercity high-speed rail and rail transit. [158] The Zhengzhou-Xian HSR since opening in February 2010 was expected to generate revenues of 0.6billion in its first full year but must make interest payments of 1.1billion. [18], Thus, high-speed rail service in China requires high-speed EMU train sets to be providing passenger service on high speed rail lines at speeds of not less than 200km/h (124mph). High-speed rail in China. Length of express railways in China 2008-2021. The completion of the sixth round of the "Speed-Up" Campaign in April 2007 brought HSR service to more existing lines: 423km (263mi) capable of 250km/h (155mph) train service and 3,002km (1,865mi) capable of 200km/h (124mph). The new trains reduced travel time between Beijing and Shanghai by two hours to just under 10 hours. In China, high-speed rail service is competitive with road and air transport for distances of up to about 1200 km. 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. ", Gerald Ollivier, Richard Bullock, Ying Jin and Nanyan Zhou, "High-Speed Railways in China: A Look at Traffic" World Bank China Transport Topics No.
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