Across the European Union- indeed world-wide- there are huge projects to develop high-speed rail systems. The pioneering days of the Japanese Shinkansen and the later French TGV network are now being followed by investments across the EU, and -especially- in China. Yet there is a problem. Railways may be more energy efficient once built, but they are hugely capital intensive- all of the components- track bed, signalling and rolling stock, must be built together and the project must be complete before it can operate. The power of rail is in the network, and without such a network, it does not work to anything like peak performance. Whereas road improvements can be made piecemeal and fit in with existing road infrastructure, high-speed rail lines are generally built from scratch. So the cost of such projects as HS2 in the UK or Rail Baltica (to link Tallinn with Warsaw) run into tens of billions of Euros. Even the Chinese are beginning to balk at the huge costs involved, ...
Musings on World events from the perspective of a Social and an Economic Liberal.