High-Speed Rail Construction Set for West Coast

By
A A A


Construction is slated to begin later this year in the route hosting the nation's most ambitious design for high-speed rail service - Los Angeles to San Francisco, according to The Daily Californian.

Linking the two major West Coast cities in less than three hours for roughly $81, the proposed bullet train network is initially projected to cost as much as $98 billion. Yet the publication rails against resistant legislators who "do not have the best interests of our generation in mind."

One year ago, high speed rail was all the rage in the U.S. after President Barack Obama extolled its virtues during the January 2011 State of the Union speech , citing the service as one method of "winning the future."

The Northeast Corridor - home of the megalopolis stretching from Washington to Boston - is planners' preferred site where bullet train service would first be established due to high-density population being more likely to capitalize on the service. The high-speed rail service California is embarking on is slated to travel more quickly than the 150 miles per hour that the Acela of Amtrak is capable of reaching as it travels along the Northeast Corridor.

California Governor Jerry Brown is a proponent of the service as he noted during his State of the State speech earlier this year that many California and U.S. public works projects initially faced resistance but proved to be beneficial.

 



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Travel and Lifestyle

Referenced Stocks:

Henry Brier


More from Henry Brier:

Related Videos

Finding Heart in an Organ
Finding Heart in an Organ           

Stocks

Referenced

Most Active by Volume

113,378,902
  • $16.79 ▲ 1.33%
89,763,454
  • $7 ▲ 6.54%
67,512,111
  • $42.88 ▲ 3.93%
60,846,215
  • $101.66 ▲ 0.23%
52,286,887
  • $16.38 ▼ 7.09%
42,129,258
  • $52.19 ▲ 2.98%
36,281,096
  • $46.695 ▼ 0.65%
31,634,172
  • $25.16 ▼ 0.08%
As of 9/12/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com