World Bank: China's high-speed rail offers model for other countries

Added On July 10, 2019

The report summarizes the development of China's high-speed rail, saying key factors like comprehensive long-term planning and the standardization of designs and procedures have enabled growth. 
China's high-speed rail network was built at around two thirds the cost of comparable networks in other countries.
The World Bank director of China said the impacts of China's high-speed rail network, the largest in the world, go well beyond the railway sector and include improved urban development, increased tourism, and stronger economic growth.
The World Bank's report added that Chinese high-speed rail fares are about one-fourth the cost of fares in other countries, which benefits passengers from all income groups.