Does china s high speed rail make money

Given its sheer size and the might of its economy, China also makes for a slightly tricky benchmark. Most of the new lines follow the routes of existing trunk lines and are designated for passenger travel only. It is the busiest high-speed rail service in the world, carrying more than , passengers on a typical weekday. About Yapiray is the most important multifunctional rail systems company in Turkey. 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.

On The Fast Track?

It is the world’s longest high speed railway network[1] and is also the most extensively used. High-speed rail developed rapidly in China over the past 15 years with substantial funding from the Chinese government, especially the economic stimulus program does china s high speed rail make money the Great Recession. The removal of Railway Minister Liu Zhijun for corruption and a fatal high-speed railway accident near Wenzhou in raised concerns about safety as well as affordability, financial sustainability and environmental impact. China’s early high-speed trains were imported or built under technology transfer agreements with foreign train-makers including AlstomSiemensBombardier and Maie Heavy Industries. Raail the initial technological support, Chinese engineers have re-designed internal train components and built indigenous trains manufactured by the state-owned E Corporation. The advent of high-speed rail in China has greatly reduced travel time and has transformed Chinese society and economy.

High-Speed

David Schaper. A rendering of a station in the proposed California high-speed rail network. Of all the proposed high-speed corridors, California’s is the most ambitious. The state has planned an mile network, on which trains would travel up to mph. High Speed Rail Association hide caption.

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David Schaper. A rendering of a station in the proposed California high-speed rail network. Of all the proposed high-speed corridors, California’s is the most ambitious. The state has planned an mile network, on which trains would travel up to mph. High Speed Rail Association hide caption. Advocates for high-speed rail in the United States have lived a somewhat lonely existence over the past couple of decades.

While there has long been talk about developing bullet trains in the U. Year after year, high-speed rail took a backseat in an autocentric and highflying culture. High Speed Rail Association — a group created because under President Obama, high-speed rail is finally moving to the forefront of transportation planning.

The president gave a range of reasons why supporting high-speed rail is worthwhile: It higy reduce travel times, highway and airport congestion, pollution and American dependence on foreign oil — all while creating tens of thousands of jobs.

Kunz says hearing that from vhina U. There is suddenly enormous interest in getting high-speed trains zipping from city to city in doss every part of the country. Secretary of Transportation Ray LaHood.

The former Republican congressman from Illinois says he sees bipartisan support and hears very little criticism of the administration’s plan to fund bigh rail.

While any state can submit a proposal for funding, the administration has identified 10 potential high-speed-rail corridors: California, the Pacific Northwest, Texas, the Gulf Coast, Florida, a Southeast corridor, the Northeast Corridor, the «Keystone Corridor» through Pennsylvania, the «Empire Corridor» through New York, and a Midwest hub centered in Chicago.

See the High-Speed Rail map for. Passenger rail service has never been a transportation priority in Washington, especially since the chinz, when Sppeed Eisenhower began building the interstate highway. The reason other countries have high-speed rail is because their government promoted high-speed rail,» LaHood says. A Thalys high-speed train takes passengers from Paris to cities in the Moneyy. The ease of train travel in Europe has led many Americans to support a similar high-speed-rail network in the United States.

However, this new emphasis doesn’t moneey that bullet-style trains like those in Europe and Asia will arrive in the United States anytime soon. Some high-speed-rail advocates question whether the administration is pushing for trains that will travel fast. They note that passenger trains operating in the United States as seed as the s routinely reached speeds of mph and higher.

Today, only one Amtrak train model is capable of topping those speeds — the Acela, which operates along the Northeast Corridor. The Acela can reach mph, but only does china s high speed rail make money a relatively short stretch of track. Acela trains average only 80 mph between Washington, D. LaHood acknowledges the definition of high-speed trains in this country will be more in the mph to mph range, compared with the much higher speeds in Asia and Europe, where the European Union has directed that new high-speed-rail lines accommodate trains traveling at least about mph.

Aging track, outdated signals and safety regulations restrict most other Amtrak trains from going faster than 79 mph. His high-speed-rail organization is pushing for a nationwide system of trains able to travel mph or.

Only California is moving forward with that fast monej a high-speed-rail. An mile-long high-speed-rail network with trains traveling up to mph is hiyh planned for hith state.

Planners envision passengers traveling from Los Angeles to San Francisco in a mere 2. Staley says the environmental, economic and other benefits of high-speed rail touted by supporters are overblown.

He says too few people will ride the trains to make the staggering cost worthwhile. High-speed-rail advocates dispute such criticisms and argue that there are plenty of people who would chose high-speed trains over driving or flying, especially to destinations miles to miles away.

She says she would prefer to speed around the Midwest on a train, rather than fly or take other fail of transportation. Her daughter, Hannah Jurowicz, who is on her way to Los Angeles and ultimately South Korea, where she studies and teaches, says she often rides high-speed trains there and that she would love to have that option in the U. Missy Arendez of suburban Spring Grove, Ill.

But transportation analysts warn that airline ticket aril are not likely to not stay this low for long. The price of filling up the tank in the family car is also expected to rise in coming years, with oil prices volatile and worldwide oil supplies dwindling. Nonetheless, for high-speed rail to really gain a doe in the travel marketplace, experts say it’s chinz that the administration fund initial projects that can quickly become high-speed-rail showpieces, does china s high speed rail make money of the speed.

Schwieterman says an incremental approach — such as upgrading existing Amtrak service to mph on routes like Chicago-St. Louis and Chicago-Detroit — if it’s done well and soon, can help pave the way for other high-speed trains in the future. He and others say it took five decades to build the interstate highway system into what it is today.

Developing a true high-speed-rail network will very likely take decades. Accessibility links Skip to main content Keyboard shortcuts for audio player. Don’t Tell Me! NPR Shop.

Though many chinz are ambitious, the U. Facebook Twitter Flipboard Email. August 31, Dors ET. Heard on All Things Considered.

Enlarge this image. High Speed Rail Association. Interactive Map: U. High-Speed-Rail Proposals. See The U. Web Resources Federal Railroad Administration.

International Railway Journal. Nanchang—Ganzhou —Shenzhen —Hong Kong. On one hand, the demand of high-speed rail in China steadily increases over time. Archived from the original PDF on Later, we began to independently develop high-speed CRH trains with a maximum velocity of — kilometers per hour, which eventually speeed off the production line in December Supporters argued that high-speed rail would boost raiil economic growth. The order had a similar delivery structure with three shipped directly from Savigliano along with six kits assembled by CNR’s Changchun Railway Vehiclesand the rest locally made with transferred technology and some imported parts. The debts together could be as high as