Trains For America

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High-Speed Rail Will Spur Growth in Hub Cities, Says Mayors Report – NYTimes.com

Their report, released in Oklahoma City today, is the first attempt to put numbers on the widely held belief that high-speed rail can stimulate local economies and act as a driver of growth. The Obama administration has invested $8 billion in federal stimulus money to create 13 high-speed rail corridors.

The benefits of traveling between 110 and 220 miles per hour will mean better connectivity, shorter travel times and new development around train stations, according to the report. The changes will create 150,000 new jobs and some $19 billion in new businesses by 2035.

High-Speed Rail Will Spur Growth in Hub Cities, Says Mayors Report – NYTimes.com.

Filed under: Passenger Rail Politics, Passenger Rail Transportatio Policy, Regional USA Passenger Rail, United States High Speed Rail

One Response

  1. wenest Fazio says:

    Will it be cost effective? Will it carry freight? What are the maintenance costs? Will it connect eventually with other rail lines, or is it the train from nowhere to no place?

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