The Mineta Institute — named after a San Jose congressman who was Secretary of Transportation in 2001 through 2006 — has a new report claiming that high-speed rail will produce huge economic and environmental benefits. Rather than being based on any careful analyses, it basically repeats old claims that are even less valid today than when they were first made.
Click image to download a 3.1-MB PDF of this report.
For example, the report cites the California High-Speed Rail Authority’s claim that rail construction “has generated an estimated 74,000 to 80,000 job years, $5.6 to $6.0 billion in labor income, and $15 billion to $16 billion in economic output between 2006 and 2022.” That’s like saying that buying a $100,000 car generates $100,000 in income. It might be income for someone, but for the person buying, the $100,000 is a cost, not a revenue. Continue reading
