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The big private rail empires of old in the us became so because of subsidies in the form of land and cheap access to loans. The privately built new York subway
by ant6n 6y ago
The big private rail empires of old in the us became so because of subsidies in the form of land and cheap access to loans.
The privately built new York subway system was actually built on a complicated contact system with the city, which today would be called a build-design-operate-maintain Public private partnership.
The privately built high speed rail lines in the world... wait a minute, those don’t really exist. Even in Japan the public was involved with the construction of hsr...
...just like the public is involved in the construction of any transport infrastructure.