This is the 116th article in the series – The China Chronicles.
Read the articles here.
Just over a decade ago, in 2009, China’s first long-distance high-speed rail (HSR) service covered the 968
Indian Rlys passenger services are also not in profit ..
Profit mein nhi hai lekin IR karz mein bhi nhi hai. Nhi to air india ke tarah IR ko bhi bechna padta. Angrezo ne hmara khoon pasina choos kr karz wasool liya tha.
IR is running on budgetary support from Central Govt. If its not in loss, IR should be able to generate funds to finance its expansion and other projects like other corporates...If not, plz lets know the profit earned by IR year by year.
I said same thing. Profit mein nhi hai aur karz bhi nhi hai. Govt support is not called loan.
* Except a few HSR lines connecting its megacities like Shanghai, Beijing most of the High Speed Routes have much lower patronage than the Break even point.
* In last 14 years China has commissioned more Route KMS of High speed rail lines than the whole world has done in last 57 years (1964-2021). Still China continue to build HSR lines at break neck speed:
(1) for strategic/military benefits, better connectivity of eastern China (Most populated) and its vast hinterlands