Tag Archives: Highspeed

High-Speed Rail Is Going Nowhere Fast in the U.S.

High-Speed Rail Is Going Nowhere Fast in the U.S.(Bloomberg Opinion) — Some leaders in the U.S. are intent on reviving the old dream of high-speed rail. Senator Bernie Sanders is proposing $ 607 billion for a new high-speed train network as part of his Green New Deal. Representative Alexandria Ocasio-Cortez included it in her own plan earlier this year. On Twitter, Sanders’s political allies sing the praises of high-speed rail systems such as China’s.High-speed rail puts an optimistic, futuristic face on an economic agenda that might otherwise seem mainly about sacrifice and belt-tightening. It’s high-tech, beautiful and iconic. It would be a substitute for regional air travel and road trips, and reduce carbon emissions. And it’s an area where the U.S. genuinely lags other countries. Anyone who has experienced the speed and convenience of traveling from city to city by bullet train in Japan or France will understand the appeal.But although this is a good long-term goal, any actual plan for building bullet trains must reckon with why high-speed rail has consistently failed in the U.S. The Obama administration also was a fan of the idea, and requested more than $ 50 billion for high-speed rail projects. Much less ended up being approved, and even less was spent, thanks to state-level and congressional opposition; most of it went to upgrading existing commuter rail lines.The one major high-speed rail project was in California, with plans for a train between Los Angeles and San Francisco. But costs ballooned; originally, the project was slated to cost about $ 40 billion, but the estimate has now at least doubled. The date for the end of the first phase of construction has been delayed from 2029 to 2033. Governor Gavin Newsom has indicated that the project will be scaled back.California’s bullet train has thus fallen victim to the same problem that plagues most U.S. transit and infrastructure projects — inflated costs. Unless the source of those costs can be identified and dealt with, states are likely to balk at the prospect of committing to big-ticket projects that they know will likely go way over budget.Reducing those costs is even more crucial because even under the best of conditions high-speed rail typically struggles to support itself. Japan’s famous Shinkansen system lost so much money in the 1970s and 1980s that it was broken up, privatized and subjected to ruthless cost-cutting measures. Most of China’s high-speed rail lines also operate in the red, as do many in Europe.Now, that doesn’t mean high-speed rail isn’t worth it. Transit systems don’t have to fully pay for themselves in order to benefit society because they have spillover effects that power regional economic growth. Highways, trains and buses facilitate networks of economic interactions whose value can’t be captured by tolls and user fees.But the spillovers from high-speed rail are likely to be smaller than for other infrastructure projects. Unlike roads, bullet trains don’t carry freight, only people (the U.S. already has an excellent freight rail network). They could generate some increased tourism, but not much, because most people can already take road trips for a similar price. Research from China suggests that one important kind of economic activity bullet trains will stimulate is interaction among high-skilled workers, such as business executives, researchers and so on. That’s more than nothing, but it isn’t the kind of boost that highways and freight trains deliver. It also means that the biggest beneficiaries of high-speed rail would be corporations and high earners. And in the U.S., which already has well-established regional air travel and freeways, the increased benefit from more business trips will likely be smaller than in a developing country such as China.Other factors specific to the U.S. make high-speed rail less attractive than in Europe or Asia. Sprawling U.S. cities tend to be built around cars and roads, meaning that many high-speed rail passengers who arrive at their destination would have to either rent a car or use expensive ride-hailing services. That increases the incentive to just drive all the way. It also means that trains linking city centers would generate less economic activity in the U.S. than in more densely populated countries. In addition, the U.S. is likely to be more concerned about terrorism than other countries, because bullet trains are an obvious high-profile target. Security would add to the cost of rail systems.So although high-speed rail is a good long-term project for carbon-emissions reduction, the U.S. would probably get more bang for the buck by focusing on local trains — fast commuter rail linking suburbs to city centers, subways and light rail to let people get around cities without cars and buses that utilize the existing road systems. These projects aren’t as grand and beautiful as bullet trains, but they would do more for economic activity and livability — and they would be a lot more cost-effective.To contact the author of this story: Noah Smith at nsmith150@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.



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4 dead after hijacked UPS truck leads police on high-speed chase in Florida, FBI says

4 dead after hijacked UPS truck leads police on high-speed chase in Florida, FBI saysFour people died in a shootout Thursday after jewelry robbers stole a UPS truck and led Florida police on a chase, the FBI said.



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Elon Musk's Las Vegas high-speed tunnel could launch stalled projects across the country

Elon Musk's Las Vegas high-speed tunnel could launch stalled projects across the countryThe Boring Company founder Elon Musk and his vision to create high-speed transit tunnels to help solve the nation's high infrastructure cost for a fraction of the price might finally come to fruition out in the desert.



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Derailed? Feds plan to cancel nearly $1B for California's high-speed rail project

Derailed? Feds plan to cancel nearly $  1B for California's high-speed rail projectFederal Railroad Administrator Ronald Batory wrote Tuesday to state officials that the administration was canceling its grant agreement with the California High-Speed Rail Authority, and halting $ 928.6 million in future grant payments it was expected to make to fund the project through 2022.



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U.S. agency to cancel $929 million in California high-speed rail funds

U.S. agency to cancel $  929 million in California high-speed rail fundsCalifornia Governor Gavin Newsom said last week the state will dramatically scale back a planned $ 77.3 billion high-speed rail project that has faced cost hikes, delays and management concerns, but will finish a smaller section of the line. The Transportation Department’s Federal Railroad Administration said in a letter it wanted to halt funding because the state had “failed to make reasonable progress.” It cited Newsom’s announcement to scale back the project.



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Gov. Gavin Newsom curtails plan for High-Speed Rail, plans to only build between Merced and Bakersfield

Gov. Gavin Newsom curtails plan for High-Speed Rail, plans to only build between Merced and BakersfieldGov. Newsom says he's ending the state's effort to build a high-speed rail line between San Francisco and Los Angeles. Newsom says he wants to continue construction of the high-speed link from Merced to Bakersfield.



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Macron in Morocco for opening of high-speed railway

Macron in Morocco for opening of high-speed railwayFrench President Emmanuel Macron arrived in Morocco on Thursday to take part in the inauguration of a high-speed railway line that boasts the fastest journey times in Africa or the Arab world. The French leader, who was invited by King Mohammed VI, will attend a grand ceremony at Tangiers’ newly renovated train station, with heavy security measures put in place. Macron will travel with the monarch on the high-speed train from Tangiers, a major port linking Africa and Europe, to the capital Rabat.



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All aboard: Hong Kong bullet train signals high-speed integration with China

All aboard: Hong Kong bullet train signals high-speed integration with ChinaWhile the $ 11 billion rail project has raised fears for some over Beijing’s encroachment on the Chinese-ruled city’s cherished freedoms, passengers at the sleek harbourfront station were full of praise for a service that reaches mainland China in less than 20 minutes. “Out of 10 points, I give it nine,” said 10-year-old Ng Kwan-lap, who was traveling with his parents on the first train leaving for Shenzhen at 7 a.m. “The train is great. It’s very smooth when it hits speeds of 200 kilometers per hour.” Mainland Chinese immigration officers are stationed in one part of the modernist station that is subject to Chinese law, an unprecedented move that some critics say further erodes the city’s autonomy.



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All aboard: Hong Kong bullet train signals high-speed integration with China

All aboard: Hong Kong bullet train signals high-speed integration with ChinaWhile the $ 11 billion rail project has raised fears for some over Beijing’s encroachment on the Chinese-ruled city’s cherished freedoms, passengers at the sleek harbourfront station were full of praise for a service that reaches mainland China in less than 20 minutes. “Out of 10 points, I give it nine,” said 10-year-old Ng Kwan-lap, who was traveling with his parents on the first train leaving for Shenzhen at 7 a.m. “The train is great. It’s very smooth when it hits speeds of 200 kilometers per hour.” Mainland Chinese immigration officers are stationed in one part of the modernist station that is subject to Chinese law, an unprecedented move that some critics say further erodes the city’s autonomy.



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Elon Musk firm tapped to build Chicago high-speed transit

Elon Musk firm tapped to build Chicago high-speed transitElon Musk’s The Boring Company has been tapped to build a high-speed underground transportation system for Chicago — the first US city to bank on the entrepreneur’s futuristic concept for mass transit. The project, to be officially announced Thursday, would employ tunnels and autonomous electric vehicles called “skates” to zip passengers between the Midwestern city’s downtown core and its busy airport. Details remain to be hammered out, including the exact route of The Chicago Express Loop.



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