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Unformatted text preview: costs of operating the national transportation system will decline
each year to the point where the savings will eventually exceed the estimated $600 billion cost of building the rail system. Although public funds
will be used to cover much of the construction costs, the network will perform best if operated by private companies. The U.S. must build a national high-speed rail network if it hopes to maintain its competitiveness in the world economy. China and Europe
are now moving ahead with their high-speed rail networks at breakneck speed, which means that in a decade or two
they will have significantly reduced their dependence on imported oil, created tens of millions of new jobs, and
saved their countries trillions of dollars by vastly improving the productivity of their economies thanks to a lowcarbon transportation sector that moves people and goods at speeds that could one day hit 300 miles per hour, or
more.} Plan decreases dependence on foreign oil
Sires, Representative of the House, 11
(Albio, The Hill-blog of Congress, http://thehill.com/blogs/congress-blog/econom...
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