Thursday, January 06, 2011

High Speed (For Profit) Rail? Maybe in CA

Well, this will be interesting.

The Chinese want in on the state's fledgling high-speed rail project. They're eager to help bankroll and build the system and, eventually, provide the trains to operate on the tracks.

That's California.

"Other countries want to be a part of this because they know high-speed rail can be profitable," said Jeffrey Barker, the authority's deputy executive director. "Their ultimate interest is operating the system."

Mr. Barker asserts that HSR 'can be profitable.' No one asked him for examples, of course.

But this IS the way it should be done. If it makes a profit, great. If wasn't our money (so to speak, given PRC's source-of-cash.)

No comments: