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

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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