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Some good news out of California

Today's LA Times:

Furthermore, the idea that the private sector would pony up 20 billion to invest in the line is I suspect ludicrous, just look at the disaster the Public Private Partnership has been on the London Underground. One hopes (for the sake of the shareholders) firms would not be so daft as to pour good money after bad on the hopes of making money on this train.

California is not Europe and it is not Japan, and rail doesn't turn a real profit there either.

Posted by David Levinson on April 28, 2007 03:58 PM |

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