Monday, January 28, 2008

Trains, Subways, and Bikes

Today's Story: Why Can't the Virginian Commonwealth Government Step Up in Funding?

Yesterday it was announced that without major changes from the Federal Transit Administration, the Dulles Rail Link will be put on the back burner. The Project needs $900 million dollars from the Administration. What's a Commonwealth to do?Here's private equity to the rescue! In the form of the Carlyle Infrastructure Fund. Yet with private funding, part of the project and the end resulting Rail Link will be owned by Carlyle.

But there is a better idea, why not the Virginian Government gives up many of its road buliding projects for the Rail Link? We have too many roads any way and the more we build, the most traffic will come. Why not build a rail track that reduced road traffic?


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