02 Nov '11, 3pm

California's High Speed Rail Will be Profitable, Require No Gov Support to Run: New Report

California's High Speed Rail Will be Profitable, Require No Gov Support to Run: New Report

CA High Speed Rail Authority /Public Domain You may have heard this news already, packaged in a slightly different way: News agencies across the nation are reporting that a 'business plan' for California's high speed rail line has been completed, and estimates show it will cost nearly twice as much as originally projected . Almost $100 billion! What's more, federal funds are drying up, and critics are still angry that the initial segment was installed in the lesser-populated Central Valley. It's a disaster! A disaster! Or at least you'd assume as much until you read to this part : "The plan also says the system would be profitable even at the lowest ridership estimates and would not require public operating subsidies". Wait, this whole thing would work ? And work well ? As in, after the initial investment, the entire system would pay for itself and then provide a much-desi...

Full article: http://www.treehugger.com/public-transportation/californi...

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