The state-owned operator of a high-speed passenger train between Beijing and Shanghai has turned an annual net profit for the first time since service began in 2011.
Beijing-Shanghai High-Speed Railway Co. had a profit of approx. 6.6 billion yuan (896) in 2015. Sales came to 23.4 billion yuan (3.18 billion euros).
The 1,300km high speed line project cost 220 billion yuan. The line serves 130 million riders annually, but fares are intentionally held down with income levels in mind, eroding the railway operator’s earnings.
Share on:
