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1. expensive
. Almost everything about high speed trains is more expensive. A lot of the expense is
because the technology is near the limits of what is possible. The design of high speed
railroads is more difficult due to grades and curvature. High speed rail requires gentler
grades and very slight curvature. This results in more and longer fills, more and longer
cuts, more and longer tunnels, and more and longer bridges.
High speed rail cannot have grade crossings, so in addition to the higher costs
as mentioned above, all roadways and other railways have to be grade
separated. At the points where this is necessary, reorienting the roadways and
railways can be even more expensive than building the high speed rail line at
those points.
Because of the above, land acquisition is more expensive. The rail line may not
be able to avoid the more expensive land, because to do so might require too
much curvature or even more expensive fills, cuts, tunnels, and bridges. With
conventional rail, you often already have the land and don't have to purchase
it.
High speed trains represent higher technology. Higher technology is almost
always more expensive than lower established technology
High speed trains go faster. This requires more fuel or electricity.
High speed trains have to have much more powerful engines or motors. More
powerful engines/motors are more expensive.
Maintenance of the higher technological locomotives and railcars is also more
expensive because of the higher standards and lower tolerances.
It depends on a various factors. For example, if this train route is across national
boundaries then this can get very complicated and the time taken to finalize the details
such as funding, route, ownership, pricing, tendering process, etc can be very long
(years).
The other issue that is often time consuming is the land acquisition when it is not owned
by the government. People often do not want to sell their land or demand a high price.
There could be environmental issues where people might object to train passing by their
neighbor hood.
The third issue is engineering. If the route is through mountainous terrain then boring
tunnels is the only option. This is very challenging and can take up a lot of time.
Studies have found that high‐speed trains can generate new economic
development near the stations where the trains stop. However, the same
studies show that economic development slows in communities not
served by such trains.
China has built more miles of high‐speed rail than any other country and
has gone more into debt doing it. At the end of 2019, China’s state railway
had nearly $850 billion worth of debt, and most of its high‐speed rail lines
aren’t covering their operating costs, much less their capital costs. As
a result, China is slowing the rate at which it is constructing new lines. 56
France’s state‐owned railroad has piled up debts of more than $50 billion
and has been repeatedly bailed out by the government. About half the
debt is due to operating losses, and half is due to the expense of building
new high‐speed rail lines.57
Japan provides an object lesson for what happens when a country has
a rail debt crisis. In 1987, state‐owned Japanese National Railways had
a debt of $550 billion (in today’s dollars), much of it due to political
demands to build money‐losing high‐speed rail lines.60 The government
privatized rail lines that were profitable, continued to subsidize those that
weren’t, and hoped to recover some of the debt by selling railway
property.61 But Japan was in the midst of a property bubble—at its peak,
the few hundred acres making up the Tokyo Imperial Palace was
estimated to be worth more than all the land in California. 62 Government
plans to sell former railway land contributed to the bubble’s collapse, and
the government ended up absorbing more than $400 billion in railway
debt. Together, these led to at least two decades of economic
stagnation.63
In 1974, Kakuei Tanaka had been prime minister of Japan for only
2.5 years when he left office under a cloud of scandal and corruption and
was eventually convicted for accepting bribes and directing government
contracts to businesses in his prefecture. 73 One of the biggest projects he
promoted was the Jōetsu high‐speed rail line.