Quote:
Originally Posted by electricron
SCNF is 100% owned by France. But it doesn't own 100% of its subsidies.
It's share of various passenger transports:
Thalys International (70%)
Eurostar International (55%)
Lyria (74 %)
Elipsos International (50%)
Artésia (50%)
SeaFrance (100 %)
Rhealys SA (30%)
iDTGV (100%)
Nuovo Trasporto Viaggiatori (20%)
Keolis (44.5%)
Govia (15.84%)
So, there are lots of private money circulating within SCNF subsidies.
And I'll repeat all of Japan's HSR trains and lines are in private ownership now.
DesertXpress initial plans to go to Victorville, but they have agreements in place with both Metrolink and CDOT to extend their line to Palmdale. It'll take another round of environmental impact studies (5 to 10 years to complete) before they could even think of raising the capital to build phase 2. But that doesn't mean it will never happen.
Borrowing available transportation funds from the federal government to build this line isn't much different buying homes with FHA and VA loans. The intention to pay these loans off with private money is still there.
FEC latest news releases report up to 125 mph trains between Orlando and Miami is a go. Apparently they have already found $1 Billion from private resources.
Therefore, the idea that the federal government must 100% subsidize intercity trains is false.
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No there is not "lots of private money" in SNCF. There is actually a stunningly small amount. Why do you give only half of one side.
Thalys-62%SNCF(French Government), 28%SNCB(Belgian Government-furthermore SNCB has huge loses), 10%DB(German Government)
Eurostar-LCT 40%(UK government), SNCB 5% (Belgian Government), 55% SNCF (French Government)
Lyria-74%SNCF(French Government), 26% SBB (Swiss government)
Elipsos-50/50 SNCF and Renfe(Spanish Government)
Artesia-does not operate any more, 50/50 SNCF trenitalia(Italian government)
Rhealys SA-Couldn't find percentages but is a joint operation between, SNCF, DB, SBB, and CFL(government owned-92%Luxembourg, 6% Belgium, 2% France)
Nuovo Trasporto Viaggiatori-
After all that we have finally found private money. Of course the company did not build any lines and it is still 20% owned by France but it is a private operator. The only reason this exists is because of the financial crisis in Italy. It only started operating in April and it is unknown whether or not it will be successful.
Kelios-As of April 70% SNCF, CDPQ(a public pension fund in Quebec)-does not operate HSR
Govia-35% Kelios, 65% Go Ahead-Another private operator. Yay. Govia operates trains in England not in France and they require a large subsidy to do so.
So out of all that you have zero HSR operations in France that are privately owned. And you have two that actually operate HSR, Govia and NTV, one needs a subsidy and the other has only been in existence for a few months. So who is mis-stating international precedent.
Again I would like to state that in the USA we do not have a system that is public. Most tracks are owned 100 percent by private corporations. The federal government does not provide a subsidy to upkeep the tracks nor does it fund 100 percent of Amtrak or CaHSR. So we are nothing like European operations. It is amazing what happened/happens in Japan but reality is that cannot happen here. I am all for loan guarantees for private operators (ala Solyndra) and I hope FEC is a success(I have doubts) but some places are going to require huge government funding to build viable trains.