Is Japan high-speed rail profitable?
Is Japan high-speed rail profitable? From a financial standpoint, only two HSR lines in the world are profitable: Paris-Lyon in France and Tokyo-Osaka in Japan. A third line, Hakata-Osaka in Japan, breaks even. The majority of high-speed rail lines require large government subsidies from both general taxpayers and drivers.
How much money do bullet trains make?
Including service to San Francisco, San Jose and Los Angeles, the California High-Speed Rail Authority estimates that 50 million riders will use the system annually, generating about $3.4 billion of fare revenue.
What is the bullet train debt of Japan?
JNR also had more than ¥25 trillion in debts due to decades of losing money operating its trains. Along with a few other relatively minor debts, these totaled to ¥32.1 trillion or, in today's dollars, about $550 billion.
How profitable is high-speed rail?
With the right commercial strategy, high-speed rail (HSR) routes can be profitable, with some lines achieving modal shares of up to 65%.
Is Spain high-speed rail profitable?
Spain has relied on liberalization to make an underused network profitable and to facilitate the amortization of its infrastructure. The overall result is positive, especially for users, said Carlos Lerida, a professor at the Autonomous University of Madrid and a specialist in rail transport.
Does Spain have a good rail system?
If you're planning to travel around Spain, in addition to buses, you should consider taking a ride on one of the country's high-speed trains. Spain's high-speed rail system is one of the best in the world, as it offers travelers a fast and convenient way to explore this gorgeous Mediterranean country.
Does Japan Rail lose money?
The train company, also known as JR Central, turned in an operating loss of 184.7 billion yen. Both the net loss and the operating loss are the first for the business since it was spun off and privatized in 1987.
Is high-speed rail in Europe profitable?
From a financial standpoint, only two HSR lines in the world are profitable: Paris-Lyon in France and Tokyo-Osaka in Japan. A third line, Hakata-Osaka in Japan, breaks even. The majority of high-speed rail lines require large government subsidies from both general taxpayers and drivers.
How much did the high-speed rail cost in Spain?
In 2019 the Antequera–Granada high-speed rail line opened at a total cost of €1.4 billion.
How much debt would HSR cause?
However, it seems that the aggressive campaign to reap the lucrative economic dividends of HSR has increased the state-run operator's total liabilities, which as of the end of 2021 reached 5.91 trillion yuan ($882 billion), or roughly 5% of China's GDP, reported Asia Nikkei.
Does high-speed rail make a profit?
With the right commercial strategy, high-speed rail (HSR) routes can be profitable, with some lines achieving modal shares of up to 65%.
Why is Shinkansen so expensive in Japan?
Instead, what makes the Shinkansen (and any Ltd. Express train) more expensive then regular trains is a hefty standard surcharge: the supplementary special-express ticket, which covers the premium experience of traveling on the nice fast trains. And yes, you have to pay it even if you have to stand.
What is the most profitable railroad in the world?
Cumulatively, the top 10 railway companies in the world generated revenue of $237,432 million, with average revenue growth of 0.57%, the highest revenue was generated by Deutsche Bahn AG ($55,666 million), followed by SNCF Group ($41,094 million) and Indian Railways ($27,326 million), while Canadian National Railway Co ...
What country is leading in building high speed rails?
High-speed train revolution China has built around 26,000 miles (42,000 kilometers) of dedicated high-speed railways since 2008 and plans to top 43,000 miles (70,000 kilometers) by 2035. Meanwhile, the United States has just 375 route-miles of track cleared for operation at more than 100 mph.
Is high-speed rail a good investment?
This investment has spurred economic benefits around California and across the country. Investment in high-speed rail is supporting jobs, labor income and economic output across a number of California's regions, including some of those hardest hit by the Great Recession.
Is China losing money in high-speed rail?
According to the latest data, as of the first half of 2022, the total liabilities of China National Railway Group totaled 6 trillion yuan, and in the first half of 2022 alone, it has lost 80.4 billion yuan, with an average loss of 400 million yuan per day.
Why the US has no high-speed rail?
While the US was a passenger train pioneer in the 19th century, after WWII, railways began to decline. The auto industry was booming, and Americans bought cars and houses in suburbs without rail connections. Highways (as well as aviation) became the focus of infrastructure spending, at the expense of rail.
Do Japanese bullet trains make money?
Passenger revenue of JR Central Shinkansen in Japan FY 2012-2021. In the fiscal year 2021, Central Japan Railway Company (JR Central) earned around 589.8 billion Japanese yen of revenues from its high-speed railway Shinkansen, increasing from roughly 417.3 trillion in the preceding year.