The CLARA plan for high-speed rail, costing $200 billion and creating eight new inland cities, depends on unrealistically large numbers of houses being sold for unrealistically high prices while interest rates stay unrealistically low. Hot Rails is not impressed…
We use a variety of different sources to estimate the captured and induced demand for the proposed regional high-speed rail link, and find much higher ridership than projected by previous studies due to serving a large number of regional stations.
In the jargon of American rail workers, a “hot rail” is a section of railroad over which the passing of a train is imminent; the closer or faster the approaching train, the hotter the rail. Most of Australia’s railways have been cold for decades, and there is no political, business or…