
National high-speed rail
Our nation is dramatically behind other developed nations in high-speed rail infrastructure. China, Japan, France, and Spain invested in extensive networks of rail with speeds over 150 miles per hour. The only operational route in the United States is Amtrak’s Acela in limited stretches on the Northeast Corridor with lower averages because of aging infrastructure.
Much like the frontier in the late 19th century when the first rail tracks were set, it will create economic corridors and link major metropolitan areas. National high-speed rail will allow workers to live further away from job centers with reasonable commutes as employers increasingly return to in-office attendance.
National high-speed rail is also a climate imperative as transportation accounts for the largest share (28 percent) of U.S. greenhouse gas emissions with aviation and automobiles as the major contributors. High-speed rail produces dramatically lower emissions per passenger per mile for trips under 500 miles than cars and planes. Electric high-speed rail reduces the nation’s vulnerability to oil price fluctuations and supply disruptions with less reliance on fossil fuels contributing to climate change.
The U.S. must commit itself to high-speed rail as a critical national infrastructure priority comparable to the Interstate Highway System of the 1950s.
Matt is fighting for national high-speed rail. We cannot afford to continue to fall behind international competitors and lose the future. It is a national security imperative for our nation to reduce greenhouse gas emissions by moving away from fossil fuels. National high-speed rail can help us get there.
- Create a dedicated funding stream to build national high-speed rail with a High-Speed Rail Trust Fund similar to the Highway Trust Fund
- Establish streamline reviews to minimize endless delays
- Consolidate overlapping state and federal reviews
- Set firm deadlines with a one federal decision framework
- Offer low-interest loans for high-speed rail construction through an expansion of the Railroad Rehabilitation and Improvement Financing (RRIF)
- Authorize tax-exempt bonding authority for high-speed rail projects
- Federal funding to support U.S. manufacturing development of trains and components under international technical standards
- Authorize value capture for the increases in property values near stations to assist funding mechanisms as used in Hong Kong and Tokyo
