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Unformatted text preview: ic 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 low-carbon transportation sector that moves people and goods at speeds that could one day hit 300
miles per hour, or more.The U.S. can be part of that future. But if more states follow the example of Florida, Wisconsin,
and Ohio, the country will remain shackled by 19th- and 20th-century forms of transportation in a 21st-century world.
Contemplate this image: China, Europe, Russia, South America, and other parts of the globe are streaking by at 250 miles per hour while the likes
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