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China may lift speed limit for bullet trains
By Richard Fu |
May 21, 2012, Monday
|
Online Edition
Online Edition
China may let its high-speed trains to run at faster speeds again as the slow-down decision made after last July's fatal crash was "expedient," said the country's largest train maker.
"It's very likely that the Beijing-Shanghai high-speed railway will be restored to its designed operational speed of 350-380kmh," said Zhao Xiaogang, chairman of CSR Corp. "For our part, we have no problem with regard to technology and safety."
The July 23 train collision in Wenzhou, Zhejiang Province killed 40 people and prompted the Ministry of Railways to lower the speed of bullet trains on the Beijing-Shanghai High Speed Rail and other high-speed lines.
Currently, trains on the Beijing-Shanghai rail run at 250kmh or 300kmh.
However, speed was not a factor in the accident. The official investigation blamed the crash on a faulty signal system and poor management on the part of railway officials.
"We need to find a point of balance between cost and passenger demand," Zhao told the China Manufacturing Forum today in Shanghai, adding China's efforts to develop a low-carbon economy bodes well for the railway industry because trains emit less greenhouse gases than airplanes and automobiles.
Zhao said though CSR shares fell after the accident the company's business remained strong. He expects their overseas sales to grow more than 50 percent this year after more than doubling the tally last year when it secured deals from Georgia, Australia and Saudi Arabia.
"Our technology strength is increasingly recognized in the global markets," he said.
"It's very likely that the Beijing-Shanghai high-speed railway will be restored to its designed operational speed of 350-380kmh," said Zhao Xiaogang, chairman of CSR Corp. "For our part, we have no problem with regard to technology and safety."
The July 23 train collision in Wenzhou, Zhejiang Province killed 40 people and prompted the Ministry of Railways to lower the speed of bullet trains on the Beijing-Shanghai High Speed Rail and other high-speed lines.
Currently, trains on the Beijing-Shanghai rail run at 250kmh or 300kmh.
However, speed was not a factor in the accident. The official investigation blamed the crash on a faulty signal system and poor management on the part of railway officials.
"We need to find a point of balance between cost and passenger demand," Zhao told the China Manufacturing Forum today in Shanghai, adding China's efforts to develop a low-carbon economy bodes well for the railway industry because trains emit less greenhouse gases than airplanes and automobiles.
Zhao said though CSR shares fell after the accident the company's business remained strong. He expects their overseas sales to grow more than 50 percent this year after more than doubling the tally last year when it secured deals from Georgia, Australia and Saudi Arabia.
"Our technology strength is increasingly recognized in the global markets," he said.
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