Could China Fund L.A. Transit?

With the notion of a national infrastructure bank dead for now and Wall Street reluctant to invest in infrastructure projects, Joel Epstein argues that Chinese investment in L.A.'s 30/10 Transportation and Jobs Initiative is worth considering.

Having read a recent piece on China's investment in Argentinian transit and rail, Epstein thought, why not in Los Angeles?

Epstein writes, "After all, wasn't it also a good deal of (albeit private Hong Kong) Chinese money that built the skyline of modern Vancouver?"

"As the article notes, the urban projects offer no clear economic benefit to the Chinese. The quid pro quo of the overall deal is preferential trade treatment for China as well as improved access to the country's agricultural products.

Well why not offer China the same deal here in California?"

Thanks to Joel Epstein

Full Story: Working With China to Build Public Transportation in LA

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95