M. Grégoire
Alas:
"The bottom line is that states and cities should not even ask whether urban or intercity passenger rail projects are feasible. I can tell you at the start that they are not: unless you are in Tokyo or Hong Kong, buses, cars, and planes are always superior to passenger rail. [...] The only thing that stopped California is that it literally didn't have any more money to spend."
Yesterday's Technology the Day After Tomorrow
https://www.cato.org/blog/yesterdays-technology-day-after-tomorrow
M. Grégoire
I should add, I'm not convinced that this is always true in North America (particularly LRT vs. buses). But I'm not a transportation planner or economist either, so I have no special expertise in the economics.
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