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

• Company Develops Innovative Magnetic Train That Can Operate With Existing Infrastructure: 'An Easily Usable Technology'


• What China's EV Buyers' Remorse Means For The World


• Large Cities And Cancer Share An Unexpected Similarity


• Fuel-Cell Train Travels More Than 1,700 Miles On One Tank Of Hydrogen


• Microsoft Collaborates With Researchers To Make Breakthrough In EV Battery Technology: "The Holy Grail"


• On Track To Deliver The World's Most Cost-Effective And Eco-Friendly Public Transport System


• Crash Tests Indicate Nation's Guardrail System Can't Handle Heavy Electric Vehicles


• Revoy EV Promises To Electrify Diesel Semis In Minutes


• The True Cost Of Japan's Linear Bullet Train


• Biden Administration Announces Largest Passenger Rail Investment Since Amtrak Creation