Title China’s High-Speed Rail Development (International Development in Focus)
Subtitle
Author Martha Lawrence, Richard Bullock, Ziming Liu
ISBN 9781464814259
List price USD 35.00
Price outside India Available on Request
Original price
Binding Paperback
No of pages 98
Book size 216 x 279 mm
Publishing year 2019
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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Description:

Over the past decade, China has built 25,000 km of dedicated highspeed railway–more than the rest of the world combined. What can we learn from this remarkable experience? China’s High-Speed Rail Development examines the Chinese experience to draw lessons for countries 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. It highlights the role of long-term 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 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 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 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 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 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.


Contents:

Foreword

Acknowledgments

About the Authors

Abbreviations

Executive Summary • Notes • Reference

Chapter 1: Growth of High-Speed Rail in China • Rail industry structure • HSR subsector structure • HSR planning • HSR network development • Current network • Highlights • Notes

Chapter 2: Service Design • Current service levels • Service frequency, capacity, and market size • Choosing the speed of HSR • Operational management • HSR fare structure • Punctuality and reliability • Combining the HSR and conventional rail networks • Highlights • Notes • Reference

Chapter 3: Markets • Traffic growth and density • HSR passenger markets • New traffic • Impact on conventional rail services • Affordability of HSR in China • Highlights • Notes • Reference

Chapter 4: Construction • Design standards and construction cost • The HSR supply chain • Project planning, design, and approval • Construction oversight and supervision • Construction management • Incentive mechanisms in HSR project construction • Highlights • Notes • Reference

Chapter 5: Testing, Commissioning, and Safety • Completion acceptance of new lines • HSR safety • Infrastructure maintenance • Electric multiple unit maintenance • Highlights

Chapter 6: Finance • RA and JV financial performance • Line financial performance • Network financial performance • Financial sustainability of China’s HSR • How to address financing issues • Highlights • Notes

Chapter 7: Economics • Capital costs • Operator costs and benefits • User costs and benefits • Greenhouse gas emissions • Road congestion and accidents • HSR and economic development • Urban development • Tourism • Economic rate of return • Highlights • Notes • References

Chapter 8: Conclusions


About the Authors:

Richard Bullock has over 40 years of experience in the railway sector, covering costing and pricing, project analysis, railway restructuring, and regulatory issues. He has worked on over 50 railways worldwide, in every continent except North America, and has worked in China since 1987. Before becoming an independent consultant, Mr. Bullock was a director of Travers Morgan Australia and, in addition to the World Bank, has worked on projects for several other international institutions. He has worked on seven high-speed rail projects in China with the World Bank, as well as five outside China.

Mr. Bullock has an MA in mathematics from Cambridge University and an MA in operational research from Brunel University.

Martha Lawrence is the leader of the Railways Community of Practice at the World Bank and a team leader for the World Bank’s technical assistance and lending programs in China and India. She has over 30 years of experience in the railway sector, with extensive knowledge in railway restructuring, railway finance, and transport regulation. Ms. Lawrence led the development of the  World Bank’s resource on railway reform, Railway Reform: A Toolkit for Improving Rail Sector Performance, and the report Attracting Capital for Rail Development in China. She has prepared business, restructuring, and financing plans for railways worldwide and advised private sector investors on over US$8 billion in structured lease financing of transit rolling stock and infrastructure.

Ms. Lawrence has a BA in economics from Northwestern University and an MBA in finance and transportation management from Northwestern University.

Ziming Liu joined the World Bank in 2017 as a transport consultant in the Beijing office. She has been involved in the World Bank’s technical assistance and lending programs in China and Central Asia in the transport sector since then. She has contributed to multiple World Bank studies, including the upcoming flagship report Innovative China: New Drivers of Growth, the study on land-based transport in Europe-Asia trade, and other studies on China transport and logistics.

Before joining the World Bank, Ms. Liu worked as a student research assistant at the University of Pennsylvania and the University of Hong Kong. She applied advanced geographic information system techniques and big data analysis to urban economics and geography research in an innovative way.

Ms. Liu’s current interests are railways, freight and logistics, transport economics, and mega infrastructure projects.

She has a BEng in civil engineering from the University of Hong Kong and a master’s degree in city planning from the University of Pennsylvania.


Target Audience:

This book will be useful for countries considering investing in high-speed rail.

 
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