China plans to upgrade its older railways
Nov 30, 2018 (China Knowledge) - China Railway Corporation (CRC) is getting ready to push out a new generation of trains to replace its current ones that have been in service for around 25 years. These new trains will be catering to the country’s smaller cities which are not covered by its extensive high-speed rail network.
The new trains will be able to travel at speeds of up to 160 km/h, much faster than the current generation of trains which can only reach speeds of up to 130 km/h. This translates to about an hour saved for every 1,000 km travelled compared with the fastest trains currently on the older rail network.
The country is home to one of the most sophisticated rail networks in the world. Its high-speed rail network consists of a 25,000 km system with trains that can travel at speeds of up to 350 km/h. Despite this, high-speed trains only make up for a third of China Rail Corp’s train fleet. Hundreds of millions of Chinese who live in mid-sized and small cities still depend on its slower, more local rail networks for transport.
The new trains have already received certification from China’s railway authority and are ready for mass production. While no prices have been announced for the new trains, the trains are estimated to be in the RMB 5 million price range for the most advanced 25-meter model. The cost of upgrading the entire fleet is expected to be RMB 200 billion.
Copyright © 2018 www.chinaknowledge.com
Send feedback or comments to: email@example.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com
To access our page on Bloomberg, type CKFI