Execs Urge Public-Private Teamwork On NE High-Speed Rail

Law360, New York (December 13, 2012, 2:29 PM EST) -- Transportation executives told members of Congress Thursday that political support and government-backed revenue guarantees are essential to attracting private investment in high-speed rail in the Northeast Corridor, which connects commuters from Pennsylvania and New York to New Jersey and Washington, D.C.

At a hearing before the U.S. House of Representatives Committee on Transportation and Infrastructure, executives from Amtrak and the New York Department of Transportation, as well as executives from Morgan Stanley & Co. LLC, said many considerations have to come into play to make any...
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