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China has been able to build high-speed rail cheaply because it has standardized designs and excellent project management. The average cost to construct a high-speed line in China is about $33 million per mile, which is 40 percent cheaper than in Europe and 80 percent cheaper than California’s effort, which has seen costs balloon to $192 million per mile. By taking a broader view, the World Bank suggests that China’s high-speed rail has delivered substantial benefits beyond ticket revenues, which includes saving time for users, increasing intellectual and business exchanges, reducing road accidents and traffic congestion, and lowering carbon emissions.