Democratic Party hopes to retake Congress soon have been buoyed by this week’s election. Whether it is in 2018, 2020, or later, whenever they eventually regain control, federal funding for high-speed rail and other infrastructure projects will likely be back on the table. Since the sole criterion for funding such projects in 2009 was whether they had completed an environmental impact statement, numerous states are currently working on or have recently completed such statements.
An example of the Texas Department of Transportation, which just announced that its final environmental impact statement showed that a high-speed rail line from Dallas to San Antonio was “feasible.” A conventional rail line from Oklahoma City to Dallas and a higher-speed line from San Antonio to Monterrey, Mexico were also considered feasible. This is good news for rail buffs, as it means Texas is eligible for federal funding to do more detailed studies.
Before you buy your tickets for a high-speed ride from Dallas to San Antonio, it is worth asking what the state means by “feasible.” According to table 3-4 of the alternatives analysis, the Oklahoma City-Dallas segment would cost $650 million to start up, none of which would ever be recovered from fares. In fact, fares would only cover 27 percent of operating costs. That’s feasible? Continue reading