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Rail Infrastructure Crisis

DC Metro Accident Highlights Investment Need

By Sam Hopkins
Thursday, June 25th, 2009

On June 22, America and the world saw a tragic reminder of just how esssential infrastructure maintenance is. When two Red Line DC Metro trains collided on June 22, killing nine passengers and severely injuring many others, the response was an understandable, "How could this happen?" 

DC metro rail crash

(On a more personal note, a friend who commutes to work via the Red Line shared the following insight):

"Thank God the accident involved two trains heading into town that were sparsely populated. If it had been two rush hour direction trains, fatalities would have easily exceeded 100."

While investigations into the incident itself are continuing, Maryland Congressman and House Majority Leader Steny Hoyer knows that moving millions of people a day on outdated infrastructure is an ongoing gamble with stakes far too high to fudge.

So Hoyer has just proposed an additional $3 billion in Metro transit improvements.

That's a positive move, but it's too much of a response to problems that have been allowed to develop. Forward-thinking investment is what systems like DC's need, before disaster strikes.

$13 billion are set to pour into America's high-speed and commuter rail systems before 2014, including $8 billion in 2009 alone.

That money will be put to best use by investing in companies that make efficiency and safety their top priority. And since the U.S. is playing catch-up to countries like France and Japan that already have high-speed rail, there's a world's worth of examples and listed firms to choose from.

In our new report, High-Speed Rail: Getting Back on Track, we detail the potential economic benefits of advanced nationwide rail infrastructure as well as highlighting the very real costs of underinvestment and inaction.

The only international companies that deserve our public dollars are ones who will get the job done right.

And when it comes to where you should invest, the same tough standards apply.

You can check out the report here.

Until next time,

Sam

Sam


Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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Comments:

Comment by Rvn931 on 2009-06-25
Interesting article and yes we do need to update and modernize our infastructure. I'm guessing though the article didn't specify, the 3 billion will come from the federal government? The DC rail system is likely maintained by the state therefore the states should fund projects through proceeds from fares and proper budgeting. Our government has spent too much already on "needs". I am amazed everytime I open my email and read Green Chip Stocks as well as their affiliates, how "in the bag" they obviously are for bigger government and more precisely President Obama's leftist agenda.
Comment by gabriele holland on 2009-06-25
excellent article and it's time this country gets going with high speed rails that are effecient. It will sve this country from pollution and using all those trucks etc etc
Comment by Joachim Mueller on 2009-06-26
Living in Florida I have barely any access to public transportation so people just kill each other on the road.

The disaster in Washington is a horrible proof that quality of equipment and services ranks low in the US. That brought all industries down from cars to TV, from cameras to ships. Their is no pride in a job well done, it is all about money. Corruption does the rest from Wall Street to government.

When are you waking up?
Comment by Bob on 2009-06-26
This travel is used in liberally controled areas.Keep dumbing down our educational system for more wrecks like this. This system cost more than the value recieved. Waste more public dollars so you can control (Marxism) more of our life with your preceved need for higher taxes. Or is ot just a power grabbing thing? If the federal goverment is so great with its forward thinking, why are it's actions so wrong for some areas, outdated in others,or pork ?
Comment by Sam Hopkins on 2009-06-26
Raven, maybe you can fill me in as to when Washington DC became a state.
Comment by Robert on 2009-06-26
If the rail system is so unsafe at these non-"high-speed" speeds, wouldn't the "high-speed" rail systems advocated in the article even be more dangerous? Typical liberal "thinking" - whatever the perceived problem, just throw more tax dollars at it.