China begin construction in March on $4.35 billion high-speed bullet train that will connect Shanghai and Hangzhou.
A big chunk of China’s $586 billion stimulus plan is for the expansion of China’s railroad system. Have you looked at China Railway (Hong Kong:0390)?
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I wiish we had half a billion in our stimulus package going toward high speed rail throughout the US! I’d love an emphasis on public transport rather than roads here! It is such a pleasure to travel in France because of their TGV system.
This is exactly the type of infrastructure spending that the US should have been doing a long time ago….instead look at the unfocused so-called “stimulus” package the Administration and Congress are perpetrating!
Here, Amtrak is no model of efficiency, but in all fairness it has been saddled for almost 40 years with an unattainable task: turn a profit in transportation of people – and without sufficient capital.
The Chinese project reflects their committment to public transportation, unlike our reliance on air and automobile. It’s only logical they would seek to stimulate their economy in this manner. So why -other than politics – don’t we just emulate them?