The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2011 AFPChina suspends new railway projects after crash
BEIJING©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2011 AFP
8 Comments
Login to comment
some14some
Right decision, save time and money when global economy is in a precarious position.
Molenir
Meanwhile to Obama administration announced plans for a new high speed rail...
some14some
...but the country has derailed.
stroller
How can he say this after purposely building low quality stuff.
Jeffrey Duelley
If America does build bullet trains I hope we don't get them from China. Japan and Germany would be better choices.
sfjp330
Jeffrey DuelleyAug. 12, 2011 - 07:21AM JST. If America does build bullet trains I hope we don't get them from China. Japan and Germany would be better choices.
Keep dreaming. Where is the money going to come from? With all the deficiet, It won't happen. America will be stuck with 1940 vintage snail pace train or old Greyhound bus with toilet that don't flush.
Jeffrey Duelley
The Japanese company that bid for a bullet-train construction project in California actually offered financing. lol
sfjp330
Jeffrey DuelleyAug. 12, 2011 - 08:16AM JST. The Japanese company that bid for a bullet-train construction project in California actually offered financing. lol
Here is why it might not happen. Even now, the state only has about one-fourth of the money needed to fund the entire rail line and no clear plan on how to secure the rest. When California voters approved the project in 2008, the state said it would cost $33 billion, but it soared to $43 billion a year later, now change to $60-80 billion, and those figures do not include inflation, whcih could push the final cost toward a staggering $100 billion. Who is going to pay for this? It leaves what looks like a potential tremendous burden on the California taxpayer.