Korea Train Express

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(Redirected from KTX)

Template:Korean name image hanja Korea Train Express (KTX) is South Korea's high speed train system. The train's technology is largely based on the French TGV system, and features top speeds of 300 km/h or more. On December 16, 2004, HSR350X had an experimental run at 352.4 kilometers per hour.

1 History
2 Future
3 Ridership
4 See also
5 External links

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History

After 12 years of construction, the first sections of the system connecting Seoul to Busan via Daejeon and Daegu, also known as the Gyeongbu Line, and Seoul to Gwangju and Mokpo, or the Honam Line, opened on March 31, 2004. Using high-speed track for only a part of the distance (Seoul-Daegu), the new line cuts travel time between Seoul and Busan from 260 minutes to 160 minutes; a further improvement to 116 minutes is expected in 2008, when the train shifts to run fully on high-speed tracks.

46 trains will be built in all: twelve in France by Alstom, the remaining in South Korea by local manufacturers. The tracks were built with the technical help of SNCF technicians.

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Future

Image:Ktx-network.png

Construction of the second phase linking Daegu and Gyeongju to Busan started in June 2002 and is expected to be complete by 2010. High-speed track for the section from Osong to Gwangju and Mokpo is also planned, with a tentative target date of 2017. [1] A spur line from Seoul to Gangneung, on the northeast coast, is under consideration, and is linked to the Korean bid for the 2014 Winter Olympics.

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Ridership

When introduced in April 2004, KTX ridership was an average of 70,900 passengers per day, 70% below initial expectations. While earning an operational profit of about 2.1 billion won per day, this amount was insufficient to service the loans, as the construction cost grew from an initial estimate of 5 trillion to an actual 18 trillion Korean won (approx. 5 billion to 18 billion US dollars). On January 14, 2005, Prime Minister Lee Hai Chan stated that KTX was a political failure.

Ridership has, however, slowly been increasing. On January 9, 2006, Korail reported that average daily ridership in December 2005 had reached 104,600 passengers per day, an increase of almost 50%, with daily operating profit up to 2.8 billion won and financial breakeven expected by early 2007. [2]

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