Word: rails
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Dates: during 2000-2009
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With a rapidly growing population and plenty of land in which rail lines and stations could be built—a real problem in the Northeast—high-speed trains seem to be a logical option for the Golden State...
...high-speed, viable and operationally profitable” national rail system would cost $1.5 billion per year, former Democratic presidential candidate Michael S. Dukakis said at a Kennedy School of Government luncheon yesterday...
...Clinton didn’t give as much attention to the rail system as I would have liked,” Dukakis said...
...passenger-rail market is still too small and fragile to have multiple carriers enter routes between cities, as the airlines have. But separate regions that have already formed high-speed corridors could open up their service contracts to competitive bidding--as many now do with commuter service--from a scaled-down Amtrak or private companies that operate commuter and passenger-rail services around the world, such as Connex and Herzog. "We see potential there, and we'd like to see opportunity," says Jim Stoetzel, a vice president at Connex North America, a division of France's Vivendi, which runs passenger...
Since 1996, 21 states, led by California, have invested almost $1 billion in intercity-rail projects in conjunction with Amtrak. Illinois, for instance, is helping finance a $400 million high-speed link between Chicago and St. Louis. If Congress would provide matching funds, the states would have added incentive to invest. In high-density parts of the Midwest, Florida, Texas and the West Coast, intercity rail could gain 20% to 30% of the travel market--just as Amtrak commands 40% of mass-transit trips between New York City and Washington...