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Unformatted text preview: , the federal government
should invest steadily increasing levels of funding in passenger rail. We probably cannot hope to match the $300 billion China
will be investing in its high-speed rail system between now and 2020, but we should endeavor to match the level of investment
provided by other industrialized nations, as a share of GDP, in their rail networks. To prompt that com- mitment, meanwhile, states
should demon- strate a willingness to fund rail operations within their borders at an appropriate level, recognizing that the economic benefits of
doing so well outweigh the costs. Currently, America’s public investment in inter-city rail is far lower than that of other
industrialized countries. Even with the unprecedented investments in passenger rail included in the American Recovery
and Reinvestment Act, the U.S. government investment in the national rail system is far below that of many Euro- pean
countries per capita and as a share of GDP. (See Figure 5.) These figures do not include investments made by private U.S. freight rai...
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