Bullet Trains: The Cost Factor [Please click the link for the video]
--
Bullet train will need 100 trips daily to be financially viable: IIM Ahmedabad study.
--
The proposed bullet train between Mumbai and Ahmedabad will have to ferry 88,000-118,000 passengers per day, or undertake 100 trips daily, for the Railways to keep it financially viable, says a report by Indian Institute of Management Ahmedabad (IIM-A).
The report is titled, "Dedicated High Speed Railway (HSR) Networks in India: Issues in Development,".
Report states that if the Railways set the ticket price at Rs 1500 per person for 300-km drive, then fifteen years after the operation it will have to ferry between 88,000 and 110,000 passengers every day to ensure that it repays the loans with interest on time.
More:
Bullet train will need 100 trips daily to be financially viable: IIM Ahmedabad study
----
When Japanese bullet train flopped in Taiwan: Lessons for India?
--
NEW DELHI: Bullet trains are not a hit everywhere. While a debate is raging over viability of India's bullet train project which was inaugurated by Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe last week, it would be worthwhile to know how bullet train fared in Taiwan. It flopped, actually.
A consortium of private Taiwanese companies started the project in early nineties. In 2007, it ran the bullet train which was based on the Japanese Shinkansen technology, the same that India will use. The project cost $14.3 billion. Seven years later, in 2014, the government hinted that the rail operator could go bankrupt. Cumulative losses stood at 46.6 billion New Taiwan dollars or roughly $1.5 billion. Since it was an important piece of public infrastructure which had to be rescued, the Taiwanese government bailed it out next year by injecting nearly $1 billion of public money which reduced the operator's share by 60 per cent.
Read more at:
When Japanese bullet train flopped in Taiwan: Lessons for India?