In brief: High-Speed Rail news from the world
Posted by Matthieu Desiderio under economics, finance, high speed rail, infrastructure, mobility, passengers, projects, public transport, rail, transport
High-Speed Rail IS highly profitable to the economy
Atkins, a planning and engineering consultants company, said that High-Speed Rail (HSR) links between London and Scotland may be worth more than £60 billion to the United Kingdom’s economy. However, such HSR lines may not be built and operated before 2026. The study shows that two lines should be constructed: one going up the west coast towards Glasgow, the other up the east coast toward Edinburgh.
High-Speed Rails attracts passengers
On the other side of the world, Taiwan High Speed Rail Corp., the company that operates Taiwan HSR trains, announced that the number of high-speed rail passengers recently topped 20 million on Friday, March 7, 2008. Slightly more than a year after it began operation of this new train service, the company reached this level and also beat its monthly passenger volume (reaching 2.095 million in February).
Operations began January 5, 2007, then, Taiwan High Speed Rail Corp. topped 5 million passengers on May 28, 10 million on September 18, and 15 million on December 21.
Many people - based on commute times, I'd suggest most people - are able to accept a long commute if it means a better neighborhood, better schools, etc. for their families. My GF's brother lives 70 miles from work, in order to have a house where his kids can go to the top public schools in Kansas City. He makes tons of money, could live closer if he wanted - but the school and the neighborhood is worth it to him, and is worth it to many people (although 70 miles is a bit of an extreme in my experience).
)
Comment