Want Rail? Let Private Business Build It

Christopher B. Leinberger proposes that privatized rail could stimulate the economy and help increase property values.

Leinberger says the key is for the federal funding process to get speedier.

He writes, "We could hasten the process by making a much-needed change in federal transportation law. The federal government typically provides 20 to 80 percent of the money for local transportation projects (with local and state governments paying the rest). Yet federal funding of projects that involve private partners is extremely rare-in large part because federally funded projects typically take years to approve, and private developers usually can't tie up their capital waiting for the government wheels to turn."

Full Story: Here Comes the Neighborhood

Comments

Comments

Controls on monopolization

There would have to be significant controls to prevent monopolization of rail. Otherwise, a private train company/ies could raise prices as high as they would like.

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