January 09, 2006 19:38
Korea’s high-speed rail link, the KTX, is after initial hiccups transporting more than 100,000 passengers a day, a figure the Ministry of Construction and Transportation on Monday said shows that the KTX has established itself as a major means of transport for longer journeys.
According to the ministry, the average number of KTX passengers in December was 104,600 a day, a 47.5 percent increase from 79,000 in April 2004, when the service started.
The ministry expects the sharp increase to propel the KTX into the black within this year. The railway industry has estimated that the cost and income lines will intersect once the number of passengers reaches 100,000, so the KTX will be able to chalk up profits at the end of the year if passenger numbers hold. A ministry official said trains were 79 percent full and they were fully booked during weekends and holidays.
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