More than one fifth of the mileage used by high speed

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Unformatted text preview: nt High Speed Rail development is economically self-sufficient -will turn an operating profit Baxandall et al, Ph. D., US PIRG Education Fund, Fall 2010 [Phineas, Tony Dutzik & Jordan Schneider, Frontier Group, Erin Steva, CALPIRG Education Fund, - “A Track Record of Success High-Speed Rail Around the World and Its Promise for America,” – US Public Interest Research Group, Accessed 6/1/12] SM As the United States moves toward the cre- ation of a high-speed rail network at a time of extreme economic difficulty, one worry is that a high-speed rail network would be a financial albatross, requiring continuing economic subsidy from taxpayers. The experience of high-speed rail lines around the world has good news and cautionary news for the United States. The cautionary news is that highspeed rail infrastructure rarely “pays for itself” directly, in the sense that fare revenue is sufficient to pay for the initial costs of con- struction. Much like other government infrastructure investments—from high- ways to airports to water systems—the purpose of investment in high-speed rail isn’t to make a profit, but rather to lay the foundation for a vigorous econ...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

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