Caixin OnlineBusiness & IndustryTop Stories Industry Sound Financials Recharge China's Fast Trains
09.10.2012 18:20

Sound Financials Recharge China's Fast Trains

Bullet trains on popular routes are pulling in passengers, encouraging the Ministry of Railways to expand
By staff reporters Gu Yongqiang, Wang Chen and Yu Ning
 
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(Beijing) – Four of the nation's 14 high-speed rail lines have financially broken even since bullet trains started full-speed, intercity service in China two years ago, giving impetus to a Ministry of Railways expansion.

Passenger ticket revenues have so far matched expenses – including debt payments – for the busy Beijing-Tianjin, Shanghai-Nanjing, Beijing-Shanghai and Shanghai-Hangzhou lines, a source at the National Development and Reform Commission (NDRC) told Caixin.

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