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To: Diddle E. Squat
Because at least $2.4 of that $2.8 billion cost will be paid by the Feds($900 mil) and state and local($1.5 bil). Not exactly a strong private-sector investment total.

Since it seems you suffer from a serious form of ADD, I'll repeat this for you:

"Additional segments of the system would be financed by private and public partnerships. The system operating costs must be proven to be sufficient to support the investment costs and associated profit while in operation."
Federal funding is used to develop and prove the initial segment of this system. Subsequent segments are expected to receive a greater proportion of private investment once the costs are proven in commercial operation.
28 posted on 02/08/2002 6:49:46 AM PST by Willie Green
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To: Willie Green
No ADD, but disbelief, since investors have not been forthcoming on ANY maglev projects.

More likely the govt will build the initial segment, and then excuse its failing by stating that it will only succeed if the longer distance is built, and since we've already invested heavily in the technology, might as well build more. Its a ploy to get the foot in the door, put forth by Adtranz and Specter. When the private sector won't support it, get the Feds to do it.

30 posted on 02/08/2002 9:54:55 AM PST by Diddle E. Squat
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