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ARRA: America’s Lackadaisical Attitude Towards High Speed Rail

ARRA: America’s Lackadaisical Attitude Towards High Speed Rail

Polo Henry

on 28 April 2010

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Transcript of ARRA: America’s Lackadaisical Attitude Towards High Speed Rail

ARRA: America’s Lackadaisical Attitude Towards High Speed Rail Compare countries with HSR
Mobilize funds for HSR Focus on NYC corridor China
Brazil China, a country with similar geographical size, will spend $300 billion in the next three years on overall expansion of its rail routes, mainly high-speed routes, according to G.E.
Since 2006 the country has spent more than $186 billion in creating a high speed rail network. (See Figure 1.1) As a country of similar size, the United States can hardly justify a meek $13 billion to build an effective system. Population of China:1,337,190,000
Population of America: 309,153,000
Factor of 4 not 14 Essentially, if you build it they will come Even the current Acela option has boosted Amtrak’s share of air/rail travel to 60% on the carrier’s Northeastern line. German government capitalizes on an element of their constitution to signal their sincerity in a major change in their transportation offering. Article 87 of the German constitution makes rail transport a government responsibility When the government moves to do something, the private sector mobilizes immediately The ability to signal intentions through budgetary allocations is one of the best means that any government has at its disposal to send signals of dedication to the capital markets; nevertheless, ARRA failed to do this by making a meager upfront payment and choosing not to concentrate the funds the Boston-Washington corridor already serves more people than the California corridor is expected to have in 2025 ´Future´ In Paris, the fact that cities were already established around transit made it easier to incorporate high speed rail. More importantly, Lyon also had an extensive system (including airport service) Very few American cities have transportation networks that would impel a traveler to leave their car at home. (Orlando) The market for travel will also be influenced by the
economic strength of the cities served and from the
ease of access to the high speed service. (Detroit) The point of ARRA is essentially to stimulate; nevertheless, high speed lines are extremely capital intensive projects with high investment costs that take time to yield revenue operations. (IOU) the Passenger Rail Investment and Improvement Act of 2008 demanded an increase in the quality of Amtrak´s service, operations, and facilities
(20 % increase) In projects that are aimed at creating public goods like in the infrastructure sector, the government may provide a capital subsidy in the form of a one time grant, so as to make it more attractive to the private investors. In some other cases, the government may support the project by providing revenue subsidies, including tax breaks or by providing guaranteed annual revenues for a fixed period. (not Freddy)
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