High speed passenger rail : future development will depend on addressing financial and other challenges and establishing a clear federal role.
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2009-03-01
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Alternative Title:Future development will depend on addressing financial and other challenges and establishing a clear federal role
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Abstract:Federal and other decision makers
have had a renewed interest in how
high speed rail might fit into the
national transportation system and
address increasing mobility
constraints on highways and at
airports due to congestion. GAO
was asked to review (1) the factors
affecting the economic viability—
meaning whether total social
benefits offset or justify total social
costs—of high speed rail projects,
including difficulties in determining
the economic viability of proposed
projects; (2) the challenges in
developing and financing high
speed rail systems; and (3) the
federal role in the potential
development of U.S. high speed rail
systems. GAO reviewed federal
legislation; interviewed federal,
state, local, and private sector
officials, as well as U.S. project
sponsors; and reviewed high speed
rail development in France, Japan,
and Spain.
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