us hsr spurs domestic investment consumer confidence

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Unformatted text preview: with criticism, June 2011, http://www.progressiverailroading.com/high_speed_rail/article/California-HSR-officialscontend-with-criticism--26838#, Access: 7/4/2012) AGI <<But for CHSRA to achieve its larger vision, the authority will need tens of billions of dollars in additional funding — federal dollars included. The uncertainty surrounding the near- and long-term prospects for federal funding don’t affect CHSRA’s “day to day,” but it could impact the private sector’s willingness to pony up funds to help California build its sprawling system, says Barker. “It’s a little bit ironic because there are a lot of people, especially in Congress, saying they want private-sector participation, but private firms right now are seeing volatility and political strife, and that’s not an environment in which the private sector will want to participate,” he says. That’s why it’ll be critical for Congress to create a program to fund high-speed rail on an ongoing basis. And as long as t...
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