High-Speed Rail

Initial investment of $ 8 billion in high-speed rail is expected to produce about 320,000 jobs and economic benefits of about $ 1.3 billion. This includes not only manufacturing and supply chain options, but also construction and operation. By increasing mobility while reducing congestion and diffusion, the high-speed railway creates economic development while making Japan more competitive. High-speed railroads can increase economic efficiency and provide alternative transportation means, so it is necessary to construct them.

As part of the national high-speed rail development law in 1994, the intercity high-speed railway committee (later known as California High Railway Bureau, CHRSA) developed a preliminary plan for the California high-speed railway corridor. The mission of the newly established CHRSA is railroad planning, development, and construction. Although CHRSA is actively evaluating its own project management, analysis of many experts and third-party groups have discovered that the financial, operational and technical estimates of the project are unrealistic did. For example, according to an independent survey, railways that can not be legally managed by government subsidies may not earn enough income to recover costs. Even the earliest iterations of the CHRSA project plan are facing criticism. That optimistic travel cost estimate is still 50% less efficient than driving and flight costs.

China opened the first high-speed rail linking Beijing and Tianjin in 2008. In the same year California voters approved state high-speed rail projects. Since then, China has spent about 360 billion dollars to build a 22,000 kilometer (13,670 mile) high-speed rail - more than the sum of the other countries - and an additional 15,000 kilometers (9,321 miles) by 2025 It is expected. This investment has changed the traveling method of Chinese people and the economic interests have grown, but there are other remarkable extensions.

This accident had a major impact on the development of China's high-speed rail for the first time. Because public trust in high-speed railway is decreasing, the number of passengers using services is decreasing. As accidents are under investigation, construction of high-speed railway lines in China is temporarily suspended. The speed of other major high-speed railways in China is declining. China's reputation for high-speed rail technology is subject to international scrutiny. As a response to the accident, Sheng Guangzu Railway Minister announced a comprehensive railway safety review of two months. The official investigation completed in December 2011 is due to a mistaken signaling system failure warning the second stationary train on the same track, and a series of administrative errors in the implementation of proper procedures by railway staff It was.