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Catalyst or catastrophe? Lessons from Asia's high-speed rail failures

Spurring growth with ambitious projects requires far more than financing

A collision on a high-speed train in Wenzhou, China, in 2011 killed 40 people.   © Reuters
HIROSHI KOTANI, JUN SUZUKI and KENICHI YAMADA, Nikkei staff writers | South Korea

SEOUL/BANGKOK/JAKARTA -- Several governments in Asia have embarked on high-speed rail developments to boost economies and enhance prestige, but such high-investment projects come with considerable risks.

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