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  • Public-Private Partnerships Will Not Save U.S. Infrastructure

    05/23/2017 1:09:11 AM PDT · by Tolerance Sucks Rocks · 20 replies
    StreetsBlog USA ^ | May 17, 2017 | Stephen Miller
    This week, while Donald Trump ensnares himself in the most serious threat to his presidency to date, Congress is, to some extent, continuing with the typical business of government. A series of hearings during “Infrastructure Week” are focusing on the administration’s rumored infrastructure plan.Although the White House has been talking up private infrastructure investment as a replacement for public funding, a panel of experts told Congress that, even with perfectly executed public-private partnerships, the federal government still needs to provide its own support — especially for projects, like transit lines, that aren’t guaranteed to generate toll revenue for profit-seeking investors.This...
  • US approves $650M for San Francisco Bay Area train system

    05/22/2017 2:51:08 PM PDT · by Drago · 43 replies
    Ft. Worth Star-Telegram (AP) ^ | May 22, 2017 | JULIET WILLIAMS
    SAN FRANCISCO - The Trump administration announced Monday that it will fully fund a $650 million federal grant for electrification of a San Francisco Bay Area train system that also would help California's high-speed rail project.
  • China’s train wreck

    04/23/2011 9:50:14 AM PDT · by fifedom · 26 replies
    The Washington Post ^ | April 22, 2011 | CHARLES LANE
    For the past eight years, Liu Zhijun Liu ran China’s $300 billion high-speed rail project. Today, Liu Zhijun is ruined, and his high-speed rail project is in trouble. On Feb. 25, he was fired for embezzling tens of millions of dollars. His ministry has run up $271 billion in debt — But ticket sales can’t cover debt service that will total $27.7 billion in 2011 alone. Safety concerns also are cropping up.