And we'll be subsidizing it to the tune of a trillion dollars a decade.
Exactly.......every mile of railroads in this country was built with private capital a century ago........and if there was the remotest possiblity that high-speed rail would make money, it would get done here without government involvement.
Rail rates for freight transport are cheap because the infrasture is built, and paid for.........high-speed systems require a completely different form of roadbed design and rail construction that would require essentally starting from scratch......it would never pay off at today's construction costs, and provide freight rates that are competitive.
A load of freight can travel cross-country by rail in about four days.......by truck, about the same.......if the time could be reduced to one or two days, who would be willing to pay a huge premium for that to happen? You guessed it.....nobody.......Hell, there are companies that ship goods from, LA to Baltimore by sea container......to save money, and that takes weeks.......no one wants high-speed rail for freight, and passenger service doesn't make sense either......that's what airliners are for.
Everywhere in the world that has a system like this is paying huge taxpayer subsudues to support its operation.........they are simply political "showpieces", not moneymakers.......hell, if the government can't make AMTRAK profitible, why would we think that sinking billions into a high-speed system would be any different?
Let's not forget the lessons learned form the EU's financial disaster with the "Concorde".........it was nice, but nobody wanted to pay $4,000 to get there in three hours, when they could buy a discount ticket for $350, and arrive only four hours later........
doc