How would high-speed rail be paid for?

California's landmark Cap-and-Trade Program, created by the California Air Resources Board in 2008, is also a source of funding for the high-speed rail project. This program generates revenue by selling quarterly greenhouse gas allowances, or permits, through an auction mechanism.



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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.

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That works out to $200 million a mile for hilly areas. At these costs, Obama's original high-?speed rail plan would require well over $1 trillion, while the USHSR's plan would need well over $3 trillion. Building a system longer than China's would cost at least $4 trillion.

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With one possible exception, no high-speed rail system in this country could pay for itself, and the claimed external benefits - cleaner air, energy saved, eased pressure on airports - are nonexistent.

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China's 'Hidden Debt' Accordingly, a 30,000-kilometer expansion will cost about 3.6 trillion yuan. China Railway sells bonds to state-owned banks and brokerages to pay the costs.

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According to the latest data, as of the first half of 2022, the total liabilities of China National Railway Group totaled 6 trillion yuan, and in the first half of 2022 alone, it has lost 80.4 billion yuan, with an average loss of 400 million yuan per day.

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It Won't Help and May Hurt the Economy. Studies have found that high-?speed trains can generate new economic development near the stations where the trains stop. However, the same studies show that economic development slows in communities not served by such trains.

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HS2, or High Speed 2, is a planned high-speed railway project that was originally expected to link London with cities in England to its north including Birmingham, Manchester and Leeds.

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Why are UK trains so expensive? One of the main reasons the price of train tickets keeps rising is the privatisation of rail networks, with every private company striving to make a profit.

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Rail strikes cost UK £1bn and settling would have been cheaper, minister admits. Rail strikes have cost the UK economy more than £1bn and it would have cost less to settle the dispute with unions over pay and conditions months ago, a government minister has admitted.

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The Little Engine That Couldn't: California's High-Speed Rail Costs Rise To $200 Million Per Mile. California's high-speed rail (HSR) pencils out to around $200 million per mile for the San Francisco–Los Angeles route.

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It costs 120 million to 130 million yuan to extend the high-speed rail 1 km, he estimates. This suggests that extending the network by 8,000 km by 2025 would take an investment on the scale of 1 trillion yuan.

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A lot cheaper. That high-speed train ticket would cost about $75, compared to more than $200 to fly or drive. Ready to ride?

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High-speed rail is generally regarded as the pinnacle of attractive and green transportation. But all too often, it makes train travel more expensive and less flexible. In the end, costly high-speed lines may just push more people into cars.

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High speed rail would much more efficient and economic for these trips, yielding substantial cost, fuel, and time savings. High speed rail is particularly cost-effective under scenarios where oil prices remain at or above current levels.

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Highways (as well as aviation) became the focus of infrastructure spending, at the expense of rail. This trend has continued, and not the least because highways require continuous maintenance, while the US's growing population demands more lanes and roads to relieve congestion.

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A story of US transportation Highways (as well as aviation) became the focus of infrastructure spending, at the expense of rail. This trend has continued, and not the least because highways require continuous maintenance, while the US's growing population demands more lanes and roads to relieve congestion.

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Length of highspeed railway lines in use worldwide in 2021, by country. As of 2021, China had by far the longest highspeed railway network in the world with almost 40,500 kilometers of highspeed rail lines; the country was followed by Spain and Japan, both with more than 3,000 kilometers of highspeed rail each.

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