Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Facility Connectivity

China's high-speed rail offers model for other countries: World Bank

July 09, 2019


Abstract : China's high-speed railway (HSR) has registered rapid growth and offered many viable practices for other countries considering HSR investment, according to a World Bank report released Monday.

BEIJING, July 8 (Xinhua) -- China's high-speed railway (HSR) has registered rapid growth and offered many viable practices for other countries considering HSR investment, according to a World Bank report released Monday.

Key factors enabling the growth include the development of a comprehensive long-term plan and the standardization of designs and procedures, said the report, which summarizes China's HSR development.

China's Medium- and Long-Term Railway Plan, which looks up to 15 years ahead, provides a clear framework for the development of the system, according to the World Bank.

Meanwhile, the construction cost of the Chinese HSR network stood at about two-thirds of the cost in other countries, the report said, citing an average of 17 million U. S. dollars to 21 million U. S. dollars per km.

"China has built the largest high-speed rail network in the world. The impacts go well beyond the railway sector and include changed patterns of urban development, increases in tourism, and promotion of regional economic growth," said Martin Raiser, World Bank director of China.

By the end of 2018, the total railway operation mileage reached 131,000 km, five times higher than 1949, while the high-speed railway exceeded 29,000 km, accounting for more than 60 percent of the world's total, according to a recent report by the National Bureau of Statistics.

In China, high-speed rail service is competitive with road and air transport for distances of up to about 1,200 km, while fares are about one-fourth the base fares in other countries, which allows HSR trains to attract passengers from all income groups, the report said.

"Large numbers of people are now able to travel more easily and reliably than ever before, and the network has laid the groundwork for future reductions in greenhouse gas emissions," Raiser said.

Scan the QR code and push it to your mobile phone

Keyword: China's high-speed-rail

Reading:

China's CPI expected to rise 2.6 pct in June

FAW sees strong H1 sales of Hongqi models

Shanghai to launch stainless steel futures this year

E China's Jiangxi to improve biz environment to achieve leapfrog dev.

SW China's Chongqing realizes bonded warehousing of imported vehicles

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial