Financing High-Speed Rail In The United States: Part 1
Law360, New York (March 1, 2017, 12:35 PM EST) -- Emeka Chinwuba
Since the U.S. government embarked on the Interstate Highway System in 1956, U.S. transportation expenditure has focused largely on the development and expansion of the interstate highway and aviation systems. On the other hand, our counterparts in countries such as Germany, France, Spain, Japan, China and more recently, Malaysia and Singapore, have continued to invest in high-speed railway systems to ease the pressure on more conventional modes of travel and to satisfy the ever-increasing commuting requirements of such countries.
In response to this trend, the Obama administration launched the High-Speed Intercity Passenger Rail (HSIPR) Program in 2009...
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