138 in addition excess track capacity that is not

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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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