1. Text: | Print|

      Beijing-Shanghai high-speed line turns profitable in 2014

      2015-01-27 08:12 China Daily Web Editor: Qin Dexing
      1

      A surge in passenger traffic drove the high-speed rail route from Beijing to Shanghai into the black for the first time in 2014, its third year of operation, the official Xinhua News Agency reported on Monday.

      "High-speed rail is good for the nation and can offer convenience to the public, but it is not a profitable business," Cai Qinghua, former chairman of the Beijing-Shanghai High-speed Railway Corp, told the agency.

      But the Beijing-Shanghai route shattered that rule, proving that high-speed services are not just a way to waste money, experts said.

      Ticket sales last year stood at 30 billion yuan ($4.8 billion), with an estimated net profit of 1.2 billion yuan. The line carried more than 100 million passengers between the capital and the coastal commercial center, up 27 percent from a year earlier.

      In 2012, ticket sales totaled 17.4 billion yuan and the line posted a loss of 3.7 billion yuan.

      Cai, who was also the former vice-minister of the railways, said on Monday that the project was forecast to break even after five years of operation, but it reached that target in advance.

      "We could not operate at capacity in the beginning," he said. "We need to manage a healthy passenger rail system and gradually meet the transportation demand."

      The ministry was replaced by the China Railway Corp in 2013.

      Experts have said high-speed trains are always the preferred option for passengers in China. These trains overcome the disadvantages of buses, which have a bad safety record (especially for the overnight services) and they are more convenient than planes.

      "We will build a second Beijing-Shanghai High-speed Railway, if things go on like this," said Cai.

      Luo Renjian, a researcher at the Comprehensive Transport Institute of the top planning agency, the National Development and Reform Commission, said that the Beijing-Shanghai bullet line is a role model that offers bright prospects for the rail sector, especially for strategic investors.

      "It provides a quality management solution for high-speed rail routes both in operation and under construction," Luo said. "Also, it proves that high-speed rail lines can generate a profit ... even in the short term."

      The Beijing-Shanghai line was initially proposed in 1990, but construction only began in 2008. Work was finished in 2011. The cost was about 208.8 billion yuan.

      According to the China Railway Corp, total railway ridership in 2014 was 800 million people, and the Beijing-Shanghai high-speed line accounted for one-eighth of the whole.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲欧洲精品无码AV| 四虎国产精品永久免费网址| 国产精品极品美女免费观看| 亚洲伊人tv综合网色| 亚洲精品中文字幕无乱码| 人与动性xxxxx免费| 丝瓜app免费下载网址进入ios| 无码人妻精品中文字幕免费| 亚洲线精品一区二区三区影音先锋 | 99免费在线观看视频| 亚洲色图古典武侠| 国内精品乱码卡1卡2卡3免费| 亚洲AV无码一区二区三区人 | 国产一卡二卡四卡免费| 亚洲成A∨人片天堂网无码| 久久亚洲精品成人AV| 99国产精品永久免费视频| 亚洲国产日韩精品| 国产真人无码作爱视频免费| 久久精品九九亚洲精品| 免费无码精品黄AV电影| 男人j进女人p免费视频| 一本无码人妻在中文字幕免费| 亚洲精品永久在线观看| 亚洲午夜爱爱香蕉片| 最近2019中文字幕免费直播 | 国产成人综合亚洲亚洲国产第一页| 涩涩色中文综合亚洲| 免费国产成人午夜电影| 亚洲天堂男人影院| **实干一级毛片aa免费| 久久精品亚洲日本佐佐木明希| 未满十八私人高清免费影院| 亚洲av无码成h人动漫无遮挡| 美女视频黄免费亚洲| 特级毛片爽www免费版| 78成人精品电影在线播放日韩精品电影一区亚洲 | 在线观看免费视频网站色| 亚洲国产精品一区二区九九 | 最近最新MV在线观看免费高清| 国产成人精品久久亚洲高清不卡|