RUMOR: “High-speed rail is not profitable – it has failed everywhere it has been tried.”
The private approach to financing this project changes everything.
This is the first project to put commercial success at the heart of the project focusing on ridership and the customer experience. It puts financial discipline into the economic models and timelines for significant, public use infrastructure.
Publicly sponsored transportation projects do not have to be profitable. Their success is not measured by financial returns, but rather in the “public good” they generate – increasing transportation capacity, driving development, encouraging density and job creation, etc.
However, while government run high-speed rail SYSTEMS may not be profitable, INDIVIDUAL LINES within systems can be. For instance, the Northeast Corridor connecting Boston, Washington, DC and cities in between; Madrid-to-Barcelona and Tokyo-to-Osaka are all profitable high-speed lines.
In Texas, there is an enormous opportunity for this high-speed train to be economically viable, giving travelers a choice away from automobiles and planes which can be unreliable, unproductive and slow.
BUSTING MYTHS AT HIGH SPEED!
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