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Public-Private Partnerships Becoming Top Choice for Passenger Rail Projects in U.S.

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 612 Words

SUGAR LAND--April 6, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Passenger rail projects have become a booming business in the U.S. In recent years, every major city has either constructed some form of passenger rail, has a project under construction, or is planning to start a project. While some states have a long and storied history of passenger rail service, many do not and are trying to catch up. Traditionally, passenger rail funding has come from two sources: the federal government and the local entity seeking to construct the rail line. However, the former source has been drying up rapidly due to cuts in federal spending. In order to continue their passenger rail programs, cities, counties and states have been forced to seek alternative methods of funding, and the public-private partnership has become the top choice to get these projects off the ground.


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