this post was submitted on 06 Nov 2023
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While I love that they're investing in rail travel, it would be so much better to make a separate national high speed rail service that competes with amtrak. Thier investors can inject their own billions.
Building an entirely new rail high speed rail network would cost hundreds of billions of dollars, if not trillions, with a construction time measured in decades and a repayment time of a century, if ever, because passenger rail is very low margin.
In our modern economy where quarterly results are the only thing that matter there is no company that will make that investment.
https://www.railwayage.com/wp-content/uploads/2021/06/Cantwell-Railway-Age-North-American-Rail-Supply-and-China-3.jpg
Yes, when you're a communist government and don't have to pay people for rights-of-way and don't need to worry about profit and don't need to worry about where the money is coming from you can do things very quickly.
We do not have those advantages.