Photo Credit:Fair Use [17 U.S.C. § 107]

More Private Companies Are Investing In Passenger Rail - Here's Why

29 Aug 2023 | Abstracted from Marketplace

"The company developing the new route [in Florida] also owns the tracks, and a bunch of nearby real estate..This was a real estate development project for them...as they built out the rail, they built out apartments and condominiums. That gave the company built-in ridership.

"...there's a wild card: Climate change...You've got to make sure that the infrastructure that is being built now is going to be resilient. Not just for today, but for a warmer climate going forward."

ADDITIONAL RELATED NEWS LINKS

• India's Car Economy Leaves the Middle Class Fuming


• What Republicans Don't Want You to Know About Private High-Speed Rail


• Ford's CEO On Large EVs: Problems are 'Unresolvable'


• Hydrogen Fuel Cell Train Market Size Worth $3.45 Billion, Globally, by 2030 Growing at 11.5% CAGR


• Level 2 Charging @ Home Considered the "Holy Grail" By EV Drivers


• 2026 Dust Hightail First Look: Electric Dirt Bike from Oregon


• Tashkent's Urban Revolution: How Green Transport Is Reshaping Mobility in Uzbekistan's Capitol


• The Grand Canyon Goes Electric, Again


• "UK-First" Intercity Battery Trial Train Outperforms Diesel


• Why Does Infrastructure Take So Long to Build?