I was studying China's high speed Railway, some key points
1. High speed Railway has become China's White elephant
2. It's 3 times more expensive to operate than normal trains
3. It can transport only passengers and not freight
4. Since it's expensive most trains are running
1. High speed Railway has become China's White elephant
2. It's 3 times more expensive to operate than normal trains
3. It can transport only passengers and not freight
4. Since it's expensive most trains are running
.at low capacity
5. Fewer trains are being operated than installed capacity
6. Where in one route instead of 160 trains only 4 are operational
7. High speed Railway is operational in only few routes, rest have been grounded
8. Because of low transport density, fares are high
5. Fewer trains are being operated than installed capacity
6. Where in one route instead of 160 trains only 4 are operational
7. High speed Railway is operational in only few routes, rest have been grounded
8. Because of low transport density, fares are high
9. China has invested $34 Billion for the Beijing - Shanghai line alone
10. China Railway Corporation that runs the high speed trains has reported a loss of $15 billion in the first half of 2020, that's a loss of $77 million a day
11. The Current debt of China Railway Corporation
10. China Railway Corporation that runs the high speed trains has reported a loss of $15 billion in the first half of 2020, that's a loss of $77 million a day
11. The Current debt of China Railway Corporation
..is $900 Billion , that's 3 times the debt of Evergrade
12. The operating profits of CRC is not even enough to pay the interest
13. The local debt of local government’s due to High speed Railway is $3 Trillion that is 25% China's GDP
12. The operating profits of CRC is not even enough to pay the interest
13. The local debt of local government’s due to High speed Railway is $3 Trillion that is 25% China's GDP
( 2017 gdp figures )
14. Because of the addiction to high speed Railway and urge to create new cities citing high speed Railway China has failed to augment it's ordinary Railway network, result the freight network is not keeping pace and freight rates have skyrocketed
14. Because of the addiction to high speed Railway and urge to create new cities citing high speed Railway China has failed to augment it's ordinary Railway network, result the freight network is not keeping pace and freight rates have skyrocketed
15. China Railway Corporation has increased fares 11 times in the last decade, result high speed train fares are more expensive or equal to airfares
16. In US & India freight transport by train is cheaper than road transport , but in China freight transport by train is twice
16. In US & India freight transport by train is cheaper than road transport , but in China freight transport by train is twice
as expensive as road transport due to high demand and low capacity
17. Because of this China is transporting raw materials like coal through trucks, which is causing delay and shortage, which in turn is making powerplants operate with less efficiency, which has also contributed
17. Because of this China is transporting raw materials like coal through trucks, which is causing delay and shortage, which in turn is making powerplants operate with less efficiency, which has also contributed
to the power crisis
18. High speed Railway has become an elephant in the room for China.
Evergrade crisis dwarfs in front of the high speed Railway which is stuck in a debt trap.
All that glitters is not gold
18. High speed Railway has become an elephant in the room for China.
Evergrade crisis dwarfs in front of the high speed Railway which is stuck in a debt trap.
All that glitters is not gold
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