Is a US High-Speed Railway Economically Feasible?
An anonymous reader writes “The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel. The high-speed rail program is also expected to create thousands of desperately needed jobs, while reducing the nation’s dependence on foreign oil and easing gridlocked highways and congested air-space. However, this noble, ambitious, multi-year plan faces a multitude of obstacles – including costs that will no doubt escalate as the years pass by; and an American public that may be reluctant to relinquish the independence and convenience of their beloved automobiles for a train.”