How much does it cost to build 1 mile of high speed rail?
Per mile, the New York project cost $2.6 billion, which is high even by U.S. standards. For example, the Purple Line in Los Angeles cost $800 million per mile.
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Estimates suggest it will cost between $88 billion and $128 billion to complete the entire system from LA to San Francisco.
For example, most of the companies that run Japan's Shinkansen or bullet train lines operate at a profit, as do some fast trains on France's state-owned SNCF network.
Kelly acknowledges that the $8-billion goal is “aggressive and rightly so” because California is paying for 84% of the cost so far. “If the national government wants to get a national cleaner, faster electrified rail system, it has to do better than 16%. And so we're going to make that case,” he said.
FUNDING IN BRIEFFunding for California high-speed rail has come from the legislative appropriation of state special funds and from federal competitive grants. No funding comes from traditional state sources, such as the gas taxes or general fund dollars.
The cost per mile of the planned 520-mile California high-speed rail system, assuming it could actually be built for the current estimate of $80 billion, is $154 million per mile. And Amtrak's own estimates for replacing its existing Northeast Corridor with true high-speed rail work out to over $500 million per mile.
Modelling by Virgin Hyperloop One in 2016 estimated a per-mile cost of $84 to $121 million for a cut-down 107-mile Bay Area project. This compares to a projected cost of $178 million per mile for the full Californian high speed rail project.
Therefore, high speed rail, while more costly than highway transportation in terms of internal costs, primarily due to its high capital cost, is significantly less costly than highway in terms of social costs.
Train fares for adult passengers begin at $79 with more expensive tickets available for customers who want more luxurious travel options, like complimentary snacks and free bag check-ins. In South Florida, the Brightline service has stops at stations in Aventura, Boca Raton, Fort Lauderdale and West Palm Beach.
China initially relied on high-speed technology imported from Europe and Japan to establish its network. Global rail engineering giants such as Bombardier, Alstom and Mitsubishi were understandably keen to co-operate, given the potential size of the new market and China's ambitious plans.
In a survey conducted by TechnoMetrica for APTA, two-thirds (63 percent) of Americans are likely to use high-speed trains if high-speed rail were available today. This jumps to nearly seventy (67) percent when respondents were informed of the costs and time saving benefits of high-speed rail service.
The results of a national survey that show that nearly two-thirds of Americans are interested in traveling by high-speed rail and the figure soars to 74 percent among those in the 18-24 age brackets.
The Tokaido Shinkansen cost Yen 380bn to construct. According to coverage of the opening of the line in the October 1964 issue of IRJ this equated to $US 1bn, or £377m at 1964 exchange rates.
It was supposed to become self-supporting after a transition period, but it has never earned a profit and it consumed more than $50 billion in federal subsidies over five decades to 2020. In fiscal year 2021, Amtrak had revenues of $2.1 billion, expenses of $4.1 billion, and a loss of $2.0 billion.
The train used for the movie, the “Nippon Speed line” is fictional, although it bears some similarities to the real Shinkansen on the line between Tokyo and Kyoto.