High-speed rail projects across the world ensure fast travel, strong industry

Source:  www.companiesandmarkets.com

Over the last 20 years, the high-speed rail industry has experienced significant growth driven primarily by increasing demand for high-speed rail across the globe.

There are two ways for rail lines to be classified as ‘high speed’. If the rail is a new development, it must allow trains to travel at least 250 km/h, and if a line is pre-existing, the speed must meet or exceed 200 km/h.

There are numerous large-scale high-speed rail developments currently underway in many different parts of the world. As the global economy recovers, high-speed rail projects are an attractive option for areas greatly in need of better transport infrastructure.

Recent developments in the traction technologies of high-speed rail relating to energy consumption and signalling systems have improved their environmental credentials as well as reduced the number of fatal accidents in which they have been involved.

Ahead of the 2014 elections in India, both of the country’s major political parties pledged to build high-speed rail networks of differing scale. The winning Bharatiya Janata Party (BJP), headed by newly-elected Prime Minister Narendra Modi promised to connect four of India’s major cities with high-speed rail, termed the Diamond Quadrilateral.

India recently announced that it will run its first semi-high speed train between Delhi and Agra on 10 November. The trains will run at an initial speed of 160 km/h as a preliminary step towards high-speed coaches capable of moving at 200 km/h, to be unveiled in June 2015.

A similar project is underway in the United Kingdom. The High Speed Two (or ‘HS2′) rail network aims to lay a rail path from Birmingham to London, linking eight of the country’s largest cities and serving one in five members of the population. Construction is scheduled to start in 2017 and be completed by 2026. More info

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