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The US freight rail system may be maintained with private funds, but it was initially constructed with massive public subsidies. These took the form of land gra
by jdblair 11y ago
The US freight rail system may be maintained with private funds, but it was initially constructed with massive public subsidies. These took the form of land grants, not just for the right-of-way, but for surrounding land. This land was then sold to fund the railway development.
http://www.loc.gov/teachers/classroommaterials/presentationsandactivities/presentations/timeline/riseind/railroad/grants.html http://www.loc.gov/teachers/classroommaterials/presentations...
- fennecfoxen 11y agoThis is true and accurate. However, substantial ongoing investment in the US rail system in the past 5 decades or so has been mostly private or private-public-partnership.