How much does it cost to build 1 mile of high-speed rail?
Per mile, the New York project cost $2.6 billion, which is high even by U.S. standards. For example, the Purple Line in Los Angeles cost $800 million per mile.
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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.
The current cost estimate to deliver the 500-mile system linking San Francisco to Los Angeles/Anaheim via the Central Valley ranges from $69.01 to $99.9 billion.
FUNDING IN BRIEFFunding for California high-speed rail has come from the legislative appropriation of state special funds and from federal competitive grants. No funding comes from traditional state sources, such as the gas taxes or general fund dollars.
This investment has spurred economic benefits around California and across the country. Investment in high-speed rail is supporting jobs, labor income and economic output across a number of California's regions, including some of those hardest hit by the Great Recession.
The design of high speed railroads is more difficult due to grades and curvature. High speed rail requires gentler grades and very slight curvature. This results in more and longer fills, more and longer cuts, more and longer tunnels, and m.
Therefore, high speed rail, while more costly than highway transportation in terms of internal costs, primarily due to its high capital cost, is significantly less costly than highway in terms of social costs.
China's high speed rail with a maximum speed of 350 km/h has a typical infrastructure unit cost of about US$ 17-21m per km, with a high ratio of viaducts and tunnels, as compared with US$25-39 m per km in Europe and as high as US$ 56m per km currently estimated in California.
A 2016 study for the government by PricewaterhouseCoopers LLP cited an early estimate of £81 million per kilometer for the capital cost of HS2's second phase (before the axing of the Leeds route).
In 2016 it was revealed, that last year the Beijing–Shanghai High-Speed Railway Company (BSHSRC) has total assets of ¥181.54 billion ($28 billion), revenue ¥23.42 billion ($3.6 billion) and a net profit ¥6.58 billion (US$1 billion), thus being labeled as the most profitable railway line in the world.
The train used for the movie, the “Nippon Speed line” is fictional, although it bears some similarities to the real Shinkansen on the line between Tokyo and Kyoto.
Wider Risks to the Chinese EconomyIn 2020, China Railway's final profit and loss statement recorded losses of ¥55 billion CNY (approx. ¥1.1 trillion JPY/ $7.9 billion USD), while in 2021, it was in the red by ¥49.8 billion CNY (approx. ¥1 trillion JPY/ $7.2 billion USD).
China initially relied on high-speed technology imported from Europe and Japan to establish its network. Global rail engineering giants such as Bombardier, Alstom and Mitsubishi were understandably keen to co-operate, given the potential size of the new market and China's ambitious plans.