Is Japanese high-speed rail profitable?
Is Japanese high-speed rail profitable? He said there are only a few examples of high-speed rail networks that turn a profit, due to a rare combination of passenger numbers and distance. For example, most of the companies that run Japan's Shinkansen or bullet train lines operate at a profit, as do some fast trains on France's state-owned SNCF network.
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.
Why is Spanish high-speed rail so cheap?
“Competition between state-owned train company Trenitalia and privately owned Italo on the main high-speed line has driven up quality and passenger numbers, but pushed down prices by between 20 and 25 per cent,” he explains. “It's to the benefit of everyone except domestic airlines.”
Is Spanish high-speed rail profitable?
In March this year, the company announced that it had achieved a net profit of €70macross its services in 2017, with a large factor in this being a record number of passengers.
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 Chinese bullet train profitable?
Profitability and debt One major concern of the high-speed rail network is the high amount of debt incurred. As of 2022, the China State Railway Group has had a debt of around US$900 billion, according to Nikkei.
Does the Shinkansen turn a profit?
Only a limited number of lines in japan are actually profitable and these lines subsidize the loss making lines. The Japanese Shinkansen bullet trains, commonly known as the bullet train or Shinkansen, operate as a profitable business rather than being subsidized by the government.
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.
Which is the best railway system in the world?
It probably comes as no surprise that in a global 2019 survey of railroad efficiency, the top two places went to Japan and Hong Kong, with scores of 6.8 and 6.5 (out of seven) respectively.
How much does the bullet train cost from Tokyo to Kyoto?
A standard fee for a one-way Tokyo to Kyoto ticket is around 160 USD during peak seasons and 100-120 USD off peak, although the price heavily depends on such factor as what travel class you prefer or do you purchase a ticket with reserved or unreserved seats.
Are Japanese bullet trains sustainable?
In America, flights have roughly 741.6 million annual domestic passengers, but most planes only carry around 175 people. The shinkansen can carry up to 1,300 people, making it more sustainable.
Is Shinkansen losing money?
Is shinkansen losing money? NAGOYA, Japan -- Central Japan Railway, which operates the shinkansen bullet train connecting Tokyo and Osaka, on Tuesday reported a consolidated net loss of 201.5 billion yen ($1.86 billion) for the year ended March 31 due to the lack of passenger traffic during the coronavirus pandemic.
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.
How much will the high-speed rail cost China?
It costs 120 million to 130 million yuan to extend the high-speed rail 1 km, he estimates. This suggests that extending the network by 8,000 km by 2025 would take an investment on the scale of 1 trillion yuan.
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.
Who is paying for high-speed rail?
Kelly acknowledges that the $8-billion goal is “aggressive and rightly so” because California is paying for 84% of the cost so far. “If the national government wants to get a national cleaner, faster electrified rail system, it has to do better than 16%. And so we're going to make that case,” he said.
Will the US ever get a bullet train?
CLIMATEWIRE | The first U.S.-made high-speed bullet trains will start running as early as 2024 between Boston, New York and Washington, with the promise of cutting transportation emissions by attracting new rail passengers who now drive or fly.
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.