This preview shows page 1. Sign up to view the full content.
Unformatted text preview: , where delays cause an
estimated $156 billion in losses to the U.S. economy annually. And then there is climate change and the large-scale reduction of
CO2 emissions that would result from the creation of an interstate high-speed rail system and the expansion of regional commuter rail systems.
As a high-speed rail network spreads across the U.S. in the coming decades, the 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...
View Full Document