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minus-squarezephyreks@lemmy.mllinkfedilinkarrow-up15arrow-down1·1 year agoIt makes economic sense but not financial sense. Railways are almost always profitable once considering second and third order effects. It’s the same story with Amtrak, so I’m not sure why people are so confused. Amtrak loses money on every train that’s not the NEC.
minus-squareGorilladrumslinkfedilinkarrow-up1·1 year agoChina’s HRS has racked up so much debt that it can’t possibly generate any money directly or indirectly. Being $900 billion in debt for a HSR system is insane.
It makes economic sense but not financial sense. Railways are almost always profitable once considering second and third order effects.
It’s the same story with Amtrak, so I’m not sure why people are so confused. Amtrak loses money on every train that’s not the NEC.
China’s HRS has racked up so much debt that it can’t possibly generate any money directly or indirectly. Being $900 billion in debt for a HSR system is insane.