Caixin OnlineBusiness & IndustryTop Stories Industry Bullet Train Tickets to Ride – And Overcharge
03.01.2012 16:45

Bullet Train Tickets to Ride – And Overcharge

High-speed railway network suppliers have enjoyed monopolies that let them charge exorbitantly for common railcar fixtures
By staff reporters Wang Chen, Yu Ning, Gu Yongqiang and Li Xuena
 
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Sink tops that cost 26,000 yuan each, 11,280 yuan for a water valve, and a single toilet paper holder that goes for 1,125 yuan. These might be standard prices for gold-plated fixtures in a luxury villa bathroom, but not for passenger railcars running on China's high-speed railroad.

Just how high are procurement costs for the nation's bullet trains? A railcar parts catalog obtained by Caixin from train manufacturer China South Locomotive & Rolling Stock Corp. (CSR) offered some clues: The catalog lists vendor names and tax-inclusive prices paid by CSR for more than 3,000 parts, including countertops and toilet paper holders, installed on bullet trains.

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