Is High-Speed Rail Project an $8B Boondoggle?

High-speed rail projects in California, Florida and Illinois are among the big winners of $8 billion in grants to be announced Thursday by the White House - the start of what some Democrats tout as a national rail-building program that could rival the interstate highways begun in the Eisenhower era.
 
Thirteen rail corridors in 31 states received funds. The White House, which supplied a list of the grants to reporters late Wednesday, billed the program as "high-speed rail," but only the California project calls for trains with maximum speeds exceeding the 200 mph achieved by some trains in Europe and Asia.
 
Some of the money will go toward trains with top speeds of 110 mph, while others - such as the $400 million allotted to Ohio to connect Cleveland, Columbus, Dayton and Cincinnati by rail - will go toward trains traveling no faster than 79 mph.
 
President Barack Obama and Vice President Joe Biden are expected to pitch the program as a boost to the economy at a town hall meeting Thursday in Tampa, Fla. A half-dozen Cabinet members and other senior administration officials were scheduled to fan out across the country for rail events Thursday and Friday. The White House said rail projects will create or save thousands of jobs in areas like track laying, manufacturing, planning, engineering and rail maintenance and operations.
 
Except for Amtrak's Acela line between Boston and Washington, there are no high-speed trains in the U.S. and no domestic high-speed rail industry. Transportation Secretary Ray LaHood and members of Congress have acknowledged they expect much of the expertise and equipment to be supplied by foreign companies.

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