U.S. to invest $138b in High-Speed Rail with European Expertise Over a Decade

Taiwan High Speed Rail

High Speed Rail (Photo credit: jiadoldol)

 

U.S. is planning to invest more than $138,000 million in high-speed rail in the next decade. For the first time, the representatives of major U.S. high-speed rail projects will meet together in Europe to seek the expertise and knowledge of the leading European high-speed rail companies.

 

At the moment, the United States has two main high-speed rail projects underway:

 

  • High-speed rail in California: to connect San Francisco with Los Angeles, and with Sacramento and San Diego in the final stages.
  • North-East Corridor (NEC): this plan aims to upgrade the current NEC by linking cities like Boston, New York, Philadelphia and Washington and transforming it into a high-speed rail network. The project is valued at more than $70,000 million and includes, among other large works in several states, two tunnels throughout New York

 

BLM Implication

 

In its bid to improve its railway and transport infrastructure, the US now looks to external expertise that is found in Europe to provide the upgrade that it needs internally. The contracts up for grabs within Europe bring about opportunities for European engineering companies that have the technological know-how to bring about the much needed changes that the US is looking for.

 

 

 

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