Outlook: Federal aid called vital. [High Speed Rail Transportation]
Journal Article
·
· CQ Researcher; (United States)
OSTI ID:7046957
When high speed rail (HSR) proponents survey the future of their emerging industry, they invariably pepper their forecasts with [open quotes]ifs,[close quotes] most keyed to financing. In a typical comment, Jim Betts says his agency is [open quotes]waiting for a realistic and plausible funding capability[close quotes] before starting work on the 3-C's Cleveland-Cincinnati line. Betts wants federal funding to go beyond loan guarantees or greater access to tax-exempt bonds. He favors a generous direct-subsidy formula - similar to the one that financed the Interstates - in which the federal government matched every dollar from the states with nine of its own.
- OSTI ID:
- 7046957
- Journal Information:
- CQ Researcher; (United States), Vol. 3:14; ISSN 1056-2036
- Country of Publication:
- United States
- Language:
- English
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