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Unformatted text preview: ucing the
trains, steel, and related components; alleviate pressure on a crumbling transportation infrastructure; and
lessen the ever-worsening congestion on America’s highways and at its airports, 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...
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