S. 839, the High-Speed Rail Development Act of 1993, And Current Initiatives in High-Speed Ground Transportation : Hearing Before the Subcommittee On Surface Transportation of the Committee On Commerce, Science, And Transportation, United States Senate, O
S. 839, the High-Speed Rail Development Act of 1993, And Current Initiatives in High-Speed Ground Transportation : Hearing Before the Subcommittee On Surface Transportation of the Committee On Commerce, Science, And Transportation, United States Senate, O
United States. Congress. Senate. Committee On Commerce, Science, And Transportation. Subcommittee On Surface Transportation
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That test did not occur in Japan, or Germany, or France. It was on our own Northeast Corridor with the original Metroliner electrical multiple unit train. These self-pronelled electric vehicles are manufactured by Budd Transit of Philadelphia, a company of which I was presi- dent for 7 years. I relate this story only to point out that we had high-speed rail technologv in this country more than 20 years ago. However, there was a lack of interest by the major private railroads. America was abando...ning development of high-speed intercity passenger rail as well as its urban rail transit investment, while Japan, France, Ger- many, and United Kingdom embarked on magor developments. Because of the lack of Federal investment in the seventies and eighties in passenger rail transportation. American manufacturers abandoned or left the rail car industry due to a shrinking market and in many cases unfair subsidized foreign competition. Today, of the 20 largest U.S.-based rail passenger equipment manufacturers, 16 are foreign-owned.
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