Published on July 17th, 2012 | by James Ayre12
High-Speed Rail Investment in U.S. Would Result in $26.4 Billion Net Benefits by 2040
July 17th, 2012 by James Ayre
The main argument against building high-speed rail in America is that it’s too expensive. Fortunately, that is simply not true. The net benefits far exceed the cost, as is explained in a new report just released at a Congressional briefing by the American Public Transportation Association (APTA).
The report, titled “Opportunity Cost of Inaction: High-Speed Rail and High Performance Passenger Rail Service,” details how building a high-speed rail program in the U.S. will result in $26.4 billion in net benefits over the next 40 years.
Anti-rail protesters, politicians, and media critics get one of their central arguments wrong, time and time again. While the upfront costs of high-speed rail may look big, the long-term benefits far exceed the costs.
For APTA’s full news release on this matter, jump on over to Page 2.