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

Spurring growth with ambitious projects requires far more than financing

20180815N Wenzhou train crash

A collision on a high-speed train in Wenzhou, China, in 2011 killed 40 people.

HIROSHI KOTANI, JUN SUZUKI and KENICHI YAMADA, Nikkei staff writers

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.

Pioneered in Japan and popularized in China, high-speed rail can spur economic growth by integrating different areas into one economic zone.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.