I caught this read today. U.S. gov’t awards $2.4 billion for high-speed rail


California, known for its heavy traffic congestion, received $901 million, of which $715 million will be spent on a new high-speed railroad across its Central Valley. The state’s ultimate goal is to have a high-speed passenger service reaching speeds of 220 mph at some points between San Francisco and Los Angeles that would run 2 hours 40 minutes compared with 6 hours by car, according to FRA statistics.

Shown is a map of high-speed railroads currently under construction in the U.S., as well as corridors under development, and proposed lines under study. (Credit: Federal Railroad Administration)

Indeed, these ‘obligatory’ awards are just a start in the right direction. But I wonder how many of you are you aware that to implement the high-speed rail line between LA->SF alone will cost $8-$9bn? [See Roads to Nowhere, The Economist, Dec 11th 2008 | Los Angeles]

I think it would be prudent in articles like these, and from other industry journalists to point matters like these out, so the lay audience can have an honest perspective on what level of financing  is TRULY required to scale-up massive projects like these.

To put this in perspective, last year, S.Korea’s gov’t earmarked $84bn to improve energy efficiency–just energy efficiency. Yet last year, the/your USA gov’t ONLY forked-over $66bn for all RE technologies–I think, however, to the best of my recollection, some of that funding was even shaved.

South Korea to spend billions on energy efficiency

What is wrong with this picture?! Do the math…