Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 04-23-2011, 06:41 PM   #1
HOZ
Lifetime Suspension
 
HOZ's Avatar
 
Join Date: Oct 2001
Exp:
Default 300 billion dollar train wreck in China

No one killed but I am certain there will a few people wanting China's High Speed Rail CEO's shot, hung , drawn, quartered and then shot again.
LINK
Quote:
For the past eight years, Liu Zhijun was one of the most influential people in China. As minister of railways, Liu ran China’s $300 billion high-speed rail project. U.S., European and Japanese contractors jostled for a piece of the business while foreign journalists gushed over China’s latest high-tech marvel.
Today, Liu Zhijun is ruined, and his high-speed rail project is in trouble. On Feb. 25, he was fired for “severe violations of discipline” — code for embezzling tens of millions of dollars. Seems his ministry has run up $271 billion in debt — roughly five times the level that bankrupted General Motors. But ticket sales can’t cover debt service that will total $27.7 billion in 2011 alone
Not too surprising. Big massive government projects like these, any where, tend to be White Elephants. As much as China's economy has been booming, the people who would tend to use this are still far too scarce and with competition from low rate air travel.....ouch.

As much as some people would want high speed rail in Alberta. There is no way it would work.
HOZ is offline   Reply With Quote
Old 04-23-2011, 06:48 PM   #2
I_H8_Crawford
Franchise Player
 
I_H8_Crawford's Avatar
 
Join Date: Apr 2004
Location: Calgary
Exp:
Default

Does he look like this, and did he sing a song to the investors to get their money??

I_H8_Crawford is offline   Reply With Quote
The Following 3 Users Say Thank You to I_H8_Crawford For This Useful Post:
Old 04-23-2011, 06:51 PM   #3
MacGruber
Lifetime Suspension
 
Join Date: Mar 2011
Location: Calgary
Exp:
Default

title is a mis leading :|

I came into this thread thinking that a high speed train blew into Beijing and destroyed half the city
MacGruber is offline   Reply With Quote
The Following 13 Users Say Thank You to MacGruber For This Useful Post:
Old 04-23-2011, 06:53 PM   #4
Regulator75
Franchise Player
 
Regulator75's Avatar
 
Join Date: Oct 2001
Location: Behind Nikkor Glass
Exp:
Default

^^^ Carrying WMD's too....
__________________

More photos on Flickr
Regulator75 is offline   Reply With Quote
Old 04-23-2011, 07:07 PM   #5
McG
Franchise Player
 
Join Date: Apr 2004
Location: Elbows Up!!
Exp:
Default

Quote:
Originally Posted by HOZ View Post
No one killed but I am certain there will a few people wanting China's High Speed Rail CEO's shot, hung , drawn, quartered and then shot again.
LINK


Not too surprising. Big massive government projects like these, any where, tend to be White Elephants. As much as China's economy has been booming, the people who would tend to use this are still far too scarce and with competition from low rate air travel.....ouch.

As much as some people would want high speed rail in Alberta. There is no way it would work.
while i can't comment on the situation in china, i don't agree with the statement that high speed rail wouldn't work in alberta.

in the company that i work for alone, we spend so much time and money going between calgary and edmonton that a downtown station in each city would change travel for us. i have to believe it is the same for many other companies as well.

if there was any way that i could cut down on the 3 hour commute between each city, that is 6 to 7 hours to do a day trip, i would seriously look at it.

now, whether or not the infrastructure could ever be put in place...that is a different conversation altogether. just because some guy in another country managed to swindle money shouldn't be a determining factor in whether or not a high speed rail link would work in Alberta.
__________________
Franchise > Team > Player

Future historians will celebrate June 24, 2024 as the date when the timeline corrected itself.

Last edited by McG; 04-23-2011 at 07:15 PM.
McG is offline   Reply With Quote
Old 04-23-2011, 07:59 PM   #6
HOZ
Lifetime Suspension
 
HOZ's Avatar
 
Join Date: Oct 2001
Exp:
Default

Quote:
Originally Posted by McG View Post
just because some guy in another country managed to swindle money shouldn't be a determining factor in whether or not a high speed rail link would work in Alberta.

Hardly. There are just not enough people in Alberta to make it profitable. If you take...
Quote:
Beijing-Tianjin line, built at a cost of $46 million per mile
that would make it 13,800,000,000 dollars just to lay track from Calgary to Edmonton. Place tickets at 30 dollars. You need 460,000,000 trips to break even just on the start up cost.
HOZ is offline   Reply With Quote
Old 04-23-2011, 08:17 PM   #7
MacGruber
Lifetime Suspension
 
Join Date: Mar 2011
Location: Calgary
Exp:
Default

46 million a mile? are they using copper rails??
MacGruber is offline   Reply With Quote
Old 04-23-2011, 08:34 PM   #8
Dan02
Franchise Player
 
Dan02's Avatar
 
Join Date: Jun 2004
Location: Calgary
Exp:
Default

Quote:
Originally Posted by McG View Post
while i can't comment on the situation in china, i don't agree with the statement that high speed rail wouldn't work in alberta.

in the company that i work for alone, we spend so much time and money going between calgary and edmonton that a downtown station in each city would change travel for us. i have to believe it is the same for many other companies as well.

if there was any way that i could cut down on the 3 hour commute between each city, that is 6 to 7 hours to do a day trip, i would seriously look at it.

now, whether or not the infrastructure could ever be put in place...that is a different conversation altogether. just because some guy in another country managed to swindle money shouldn't be a determining factor in whether or not a high speed rail link would work in Alberta.
Highspeed rail might work in Alberta, at least once Edmonton and Calgary are pushing 2.5-3 million people each. Until then it's a multi billion dollar pipe dream destined to lose money hand over fist.

Look at Amtrak down in the states. It loses over a billion dollars per year and of the 44 routes it operates, only 3 turn a profit.

Further more they're working in corridors with significantly higher populations, where traffic congestion is a significant disadvantage to car travel compared to Alberta.

If you think you're gonna save much time over driving, you're not. Although the trains are rated to go 240 km/h, in real world applications, the average for the proposed trains in North America is only 129 km/h, also known as cruise speed on the QE2.

Overall, high speed rail just isn't something that should be in the near future for Alberta as much as it would be cool.
Dan02 is offline   Reply With Quote
Old 04-23-2011, 08:37 PM   #9
Dan02
Franchise Player
 
Dan02's Avatar
 
Join Date: Jun 2004
Location: Calgary
Exp:
Default

Quote:
Originally Posted by MacGruber View Post
46 million a mile? are they using copper rails??
Calgarys LRT system costs 24 million per mile, and it's sure as hell not rated for high speed trains.

*edit* and that was in 2000 dollars not 2010.

Last edited by Dan02; 04-23-2011 at 08:40 PM.
Dan02 is offline   Reply With Quote
The Following User Says Thank You to Dan02 For This Useful Post:
Old 04-23-2011, 08:39 PM   #10
4X4
One of the Nine
 
Join Date: Dec 2004
Exp:
Default

Quote:
Originally Posted by MacGruber View Post
46 million a mile? are they using copper rails??

No schit. HOZ, if you're going to tell us why high speed rail wont work in Alberta, quoting that inflated cost is not going to convince anyone. I will admit, however, that I really don't know how much it should cost. But $46 million per mile is clearly ridiculous.
4X4 is offline   Reply With Quote
Old 04-23-2011, 08:40 PM   #11
4X4
One of the Nine
 
Join Date: Dec 2004
Exp:
Default

Quote:
Originally Posted by Dan02 View Post
Calgarys LRT system costs 24 million per mile, and it's sure as hell not rated for high speed trains.
Calgary's LRT has a stop every couple of miles.
4X4 is offline   Reply With Quote
Old 04-23-2011, 08:48 PM   #12
Fozzie_DeBear
Wucka Wocka Wacka
 
Fozzie_DeBear's Avatar
 
Join Date: Nov 2003
Location: East of the Rockies, West of the Rest
Exp:
Default

I don't understand why it has to be high speed?

I would think you could run into the problem that the BC ferries had...they were high speed but you could barely get them into a place to open up to full throttle.

Why couldn't you use the existing freight rail system and run them at medium speed?

Over the DT Calgary to DT Edmonton corridor I doubt it would make that big a difference in time..but in price it would be huge
__________________
"WHAT HAVE WE EVER DONE TO DESERVE THIS??? WHAT IS WRONG WITH US????" -Oiler Fan

"It was a debacle of monumental proportions." -MacT
Fozzie_DeBear is offline   Reply With Quote
Old 04-23-2011, 08:59 PM   #13
HOZ
Lifetime Suspension
 
HOZ's Avatar
 
Join Date: Oct 2001
Exp:
Default

Quote:
Originally Posted by 4X4 View Post
No schit. HOZ, if you're going to tell us why high speed rail wont work in Alberta, quoting that inflated cost is not going to convince anyone. I will admit, however, that I really don't know how much it should cost. But $46 million per mile is clearly ridiculous.

No, it actually isn't. I used the figure from the amount used in China. Granted there was a lot of graft in China but the labour and other costs is infinitely cheaper.

The laying of track per mile is not just the metal they are putting down. It is the construction costs of terminals, labour, materials, manufacturing of trains and whatever else. I am sure and Engineer can come up with more than me.

I think the trans-Canada highway costs 2 million per km.
HOZ is offline   Reply With Quote
Old 04-23-2011, 09:05 PM   #14
Dan02
Franchise Player
 
Dan02's Avatar
 
Join Date: Jun 2004
Location: Calgary
Exp:
Default

Quote:
Originally Posted by 4X4 View Post
Calgary's LRT has a stop every couple of miles.
true, but the costs of laying just the track itself is still >10 million per mile. Then add your trains, your stations, and other infrastructure.
Dan02 is offline   Reply With Quote
Old 04-23-2011, 09:29 PM   #15
Dan02
Franchise Player
 
Dan02's Avatar
 
Join Date: Jun 2004
Location: Calgary
Exp:
Default

Quote:
Originally Posted by Fozzie_DeBear View Post
I don't understand why it has to be high speed?
that the BC ferries had...they were high speed but you could barely get them into a place to open up to full throttle.

Why couldn't you use the existing freight rail system and run them at medium speed?
I would think you could run into the problem

Over the DT Calgary to DT Edmonton corridor I doubt it would make that big a difference in time..but in price it would be huge
Would you take a train that took longer to get from Calgary to Edmonton then driving? With tickets more expensive then driving(maybe on par if you were driving solo)? Without the convenience of having your vehicle on the other end?

Ultimately in the Calgary/Edmonton corridor, driving between the cities is too easy/fast and to cheap. If we lived in a area where traffic congestion slowed down traffic and gas was twice as expensive as in other areas of the world, high speed rail might be feasible, but as it stands now it's not.
Dan02 is offline   Reply With Quote
Old 04-23-2011, 09:38 PM   #16
4X4
One of the Nine
 
Join Date: Dec 2004
Exp:
Default

Quote:
Originally Posted by HOZ View Post
No, it actually isn't. I used the figure from the amount used in China. Granted there was a lot of graft in China but the labour and other costs is infinitely cheaper.

The laying of track per mile is not just the metal they are putting down. It is the construction costs of terminals, labour, materials, manufacturing of trains and whatever else. I am sure and Engineer can come up with more than me.

I think the trans-Canada highway costs 2 million per km.
Quote:
Originally Posted by Dan02 View Post
true, but the costs of laying just the track itself is still >10 million per mile. Then add your trains, your stations, and other infrastructure.
So what is affordable? How much debt servicing could a Calgary/Red Deer /Edmonton line afford? If it cost half as much as the Chinese line, it would be $23 Mil * 200 miles, for a total of $4.6 Billion.
4X4 is offline   Reply With Quote
Old 04-23-2011, 10:07 PM   #17
frinkprof
First Line Centre
 
frinkprof's Avatar
 
Join Date: Dec 2009
Exp:
Default

First off, what a weird way to frame and title a debate thread for Alberta High Speed Rail, if that was the intent.

Quote:
Originally Posted by Fozzie_DeBear View Post
I don't understand why it has to be high speed?

I would think you could run into the problem that the BC ferries had...they were high speed but you could barely get them into a place to open up to full throttle.

Why couldn't you use the existing freight rail system and run them at medium speed?

Over the DT Calgary to DT Edmonton corridor I doubt it would make that big a difference in time..but in price it would be huge
The Dayliner service ended in 1985, and no one has really missed it. Any passenger rail transportation in the Calgary-Edmonton corridor has to be time-competitive with the automobile and, to a degree, air travel.

The critical mass for high speed rail in Alberta isn't even close to being there. Maybe in 20 years, but probably closer to 50. There are 2 corridors in Canada where high speed rail will ever make sense. These are the Calgary-Edmonton corridor and the Quebec City-Windsor corridor. The central part of the latter (Toronto-Montreal) is the closest to being viable, but isn't there yet either.

Alberta would gain much much more in the next couple decades by investing in the intracity rail transit infrastructure in the 2 major cities, and smaller-scale initiatives in the smaller municipalities. That isn't to say that no thought should go into high speed rail, and indeed the current approach is probably best. Continue to strategically acquire land and reserve right of way. Land for stations in both downtown Calgary and downtown Edmonton has been purchased by the Province.

Last edited by frinkprof; 04-23-2011 at 10:18 PM.
frinkprof is offline   Reply With Quote
The Following User Says Thank You to frinkprof For This Useful Post:
Old 04-23-2011, 10:50 PM   #18
CaptainCrunch
Norm!
 
CaptainCrunch's Avatar
 
Join Date: Jun 2002
Exp:
Default

So which ear does the bullet go into?
__________________
My name is Ozymandias, King of Kings;

Look on my Works, ye Mighty, and despair!
CaptainCrunch is offline   Reply With Quote
Old 04-24-2011, 04:40 AM   #19
MacGruber
Lifetime Suspension
 
Join Date: Mar 2011
Location: Calgary
Exp:
Default

you know what i like about china? if a ceo effs up... they literally kill him.

i think a lot of this freedom crap is making us soft and vulnerable to unethical piece of garbage like bankers and corrupt CEOs.

Let's keep our capitalism and free market spirit but mix in some tyrannical justice. if someone steals 100 million or more, public execution!
MacGruber is offline   Reply With Quote
Old 04-24-2011, 05:01 AM   #20
HOZ
Lifetime Suspension
 
HOZ's Avatar
 
Join Date: Oct 2001
Exp:
Default

Quote:
Originally Posted by 4X4 View Post
So what is affordable? How much debt servicing could a Calgary/Red Deer /Edmonton line afford? If it cost half as much as the Chinese line, it would be $23 Mil * 200 miles, for a total of $4.6 Billion.


Half as much? I think the motto of a gov't is...
Quote:
Why buy something for half the price when you can buy it twice for 3 times the cost.
4X4 look up your Montreal Olympics history!!!!!
HOZ is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 05:10 PM.

Calgary Flames
2024-25




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2021 | See Our Privacy Policy