China's High-Speed Rail Development (International Development in Focus)
Description:
Over the past decade, China has built 25,000 kilometers of dedicated high-speed railway more high-speed railway than the rest of the world put together. What can we learn from this remarkable experience? China s High-Speed Rail Development examines the Chinese experience to draw lessons for countries that may be considering investing in high-speed rail.
The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the high-speed rail system, highlighting the role of long-term planning and consistent plan execution and the importance of joint venture structures that ensure the active participation of provincial and local governments in project planning and financing.
Traffic on China s high-speed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which high-speed rail is competitive in China. It discusses the pricing and service design considerations that go into making high-speed rail services competitive with other modes of transportation, and it considers other factors, such as good urban connectivity, that make the service attractive to customers.
One of the most remarkable aspects of the Chinese experience is the rapid pace of high-quality construction. The report looks at the role of strong capacity development within and cooperation among China Railway Corporation, rail manufacturers, universities, research institutions, laboratories, and engineering centers that allowed for rapid technological advancement and the localization of technology. It also describes the project delivery structures and incentives for delivering quality results in a timely fashion.
Finally, the report analyzes the financial and economic sustainability of the investment in high-speed rail. It finds that a developing country can price high-speed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density.
Best prices to buy, sell, or rent ISBN 9781464814259
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