Factors Determining the Success of HSR Building Projects

Abstract

The article reviews the world experience in the construction and operation of high-speed railways in terms of factors that determine the success or failure of such projects. Since the construction of HSR is often considered as a part of national projects on a broader scale, it is proposed to use as criteria for success not only commercial indicators, but also various socio-economic effects arising from their implementation. The author classifies externalities that reflect the impact of HSR on the development of regions and cities and presents the results of foreign research on their quantitative and qualitative analysis. Special attention is paid to the experience of China, since this country significantly differs from the rest of the world in terms of development of high-speed rail traffic. In this regard, the largest amount of representative data that allows us to identify the success factors of HSR projects can be found for Chinese projects. The main scientific result of this article is a generalization of the existing experience of HSR construction projects and justification of the prospects for implementing such projects in the Russian Federation.