Is the US ready for high speed rail? If The NorthEast Maglev (TNEM) gets its way, a solid demonstration project between Baltimore and Washington might be built sometime in the future for an undisclosed amount of money. The project is hardly scoped out yet, but the promise of being able to rocket between the cities at over 300 mph (500 kph) has attracted attention – and $5B in potential backing from the Central Japan Railway, the Bank of Japan, and the Japanese government. It’s a good downpayment on the guesstimated $10-15B the line will take.
How serious is this proposal? The government of Japan would love to start exporting some of its best technology, and it’s hard to pass up that kind of dough. And if TNEM gets their way, it’ll go on from there on a 240 mile line from Washington to New York, making the trip in just one hour. How much will that cost? The guesstimate of $100B is such a round number that you know it’s vague. But it’s a tantalizing worth investigating for a lot of reasons – and the money would come from private investors, not any government.