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China's High-Speed Rail Offers Model for Other Countries - World Bank

Infra News - Published on Fri, 12 Jul 2019

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World Bank reported that China's high-speed railway has registered rapid growth and offered many viable practices for other countries considering HSR investment. Key factors enabling the growth include the development of a comprehensive long-term plan and the standardization of designs and procedures, which summarizes China's HSR development. China's Medium-and Long-Term Railway Plan, which looks up to 15 years ahead, provides a clear framework for the development of the system.

Meanwhile, the construction cost of the Chinese HSR network stood at about two-thirds of the cost in other countries, citing an average of USD 17 million to USD 21 million per kilometer.

Mr Martin Raiser, World Bank director of China, said that "China has built the largest high-speed rail network in the world. The impacts go well beyond the railway sector and include changed patterns of urban development, increases in tourism, and promotion of regional economic growth."

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Posted By : Mohan Sharma on Fri, 12 Jul 2019
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