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China's HighSpeed Rail Development (International Development in Focus),Used
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Over the past decade, China has built 25,000 km of dedicated highspeed railwaymore than the rest of the world combined. What can we learn from this remarkable experience? Chinas HighSpeed Rail Development examines the Chinese experience to draw lessons for countries considering investing in highspeed rail. The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the highspeed rail system. It highlights the role of longterm planning, consistent plan execution, and a joint venture structure that ensures active participation of provincial and local governments in project planning and financing. Traffic on Chinas highspeed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which highspeed rail is competitive in China. It discusses the pricing and service design considerations that go into making highspeed rail services competitive with other modes and 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 highquality 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 localization of technology. It describes the project delivery structures and incentives for delivering quality and timely results. Finally, the report analyzes the financial and economic sustainability of the investment in highspeed rail. It finds that a developing country can price highspeed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density.
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