The construction costs are estimated at $15~18 billion for a 240 mile route, which works out to a maximum $75 million per mile. This price tag includes labor, materials, indirect costs, rolling stock, etc.
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The Central Japan Railway, which is supporting the project and will supply the rolling stock, is the operator of the Tokaido Shinkansen, the first and busiest high speed railway in the world. Opened in 1964, it has carried 5.3 billion passengers to date, all w/o a single crash.
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I’m not so much worried about profit. I’m more worried about taxpayers funding stuff only a segment of the population uses; or giving taxpayer funds to private profit (Brightline).
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Since there is no taxpayer financing for the Texas HSR, this won't be a problem
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Trump identified the Texas HSR project as a national priority. Which means probably some kind of incentive down the line for it. But again I really don’t care about that. These projects just must be self-sustaining and not be the usual tax money funnel into wealthy pockets.
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I think Texas’ HSR is being funded by tax free bonds which is a significant subsidy.
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Do you have a citation? Every article I read makes no mention of this, and the company website says nothing about it either.
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It's standard among priate transpo projects – private activity bonds. Brightline got it too. It's not that big of a subsidy compared to what most transpo projects get, and it's the same thing that airports, toll roads, etc. get
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Here's a list of other projects that have gotten it recently:https://www.transportation.gov/buildamerica/programs-services/pab …
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Sure sure but is Texas Central getting any? I didn't see them on that list and again, no references to such financing in media
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200 million a mile? Lol what!
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