US HSR Newsletter-Extracts.(US HSR)

America says YES to High Speed Rail!

America says YES to High Speed Rail!
Everyone is talking about the importance of HSR…
HSR is the fastest way to reduce carbon from transportation – #1 climate solution
Its time for Congress to invest the money in HSR
 We’re calling for a Climate Action Fund set up by Congress with
$200 Billion to fund and fast-track projects:
$100 Billion for High Speed Rail, and $100 Billion for Renewable Energy
The Moynihan Station is part of the $2.5 billion transformation of the Pennsylvania Station-Farley Complex announced by Governor Andrew M. Cuomo in January 2016 to dramatically modernize, upgrade and redesign America’s busiest transit hub into a world-class facility. The complex also includes a comprehensive redesign of the LIRR’s existing 33rd Street concourse at the current Penn Station facility and an extensive renovation to the adjacent subway stations.
KBRA (Kroll Bond Rating Agency) has issued a favorable report and rating for the Monyihan Station Development getting underway in New York City, across the street from Penn Station.
KBRA has assigned a long-term rating of BBB- with a Stable outlook to the $526,135,545 New York State Urban Development Corporation d/b/a Empire State Development Moynihan Train Hall Project TIFIA Loan.
The TIFIA loan is made available under the federal Transportation Infrastructure Finance and Innovation Act, which provides credit assistance to significant regional surface-transportation projects. It represents a portion of the federal funding for the project as a low-cost loan.
Known previously as the Farley Building, Moynihan station was purchased by Empire State Development (ESD) in March 2007 to provide for the necessary construction and redevelopment work. A joint venture between limited liability subsidiaries of the Related Companies and Vornado Realty Trust is handling the development for ESD. The design and construction of the Train Hall project has been contracted to Skanska USA, pursuant to a $1.26 billion fixed-price contract.
With better access to trains and subways and state-of-the-art infrastructure, the Moynihan Train Hall seamlessly joins history, architectural design and function, bringing the nation’s busiest rail station into the 21st century.  Story | Construction Begins | Bloomberg | KBRA
High speed rail is the smartest investment we can make in our future! Thanks to the great leadership of California’s governor Jerry Brown, and the CA state legislature, California is leading America into the 21st century with real solutions to our major problems of climate change, peak oil, epic congestion, and deadly dangerous auto transport.  CAHSR | Videos
Texas High Speed Rail continues making great progress in the race to be the nation’s first bullet train. With more than 100 miles of California’s system already under construction, Texas is behind at the outset. But with the easier terrain and geography of Texas, the system could get built more quickly than California, and therefore could be opened for passengers sooner than California’s system. The race is on!
A recent ceremony held last month at Houston’s City Hall, Mayor Sylvester Turner could hardly contain his enthusiasm about a proposed 240-mile bullet train between the city and North Texas.
Joining Turner at the event were representatives of Texas Central Partners LLC, the private company that plans to build a high-speed rail system based on Japan’s Shinkansen N700 technology to transport passengers from Houston to North Texas in about 90 minutes.

The Aug. 17 ceremony was organized to sign a joint agreement in which the city pledged its support for the project, which is estimated to cost between $10 billion and $15 billion. Under the memorandum of understanding (MOU), Texas Central pledged to work with Houston officials on economic development, jobs creation and traveler-friendly connections between the future train station and the greater Houston region.  Story | Texas HSR | US HSR Map | Silver Bullet

The investment agreement for the Hangzhou-Shaoxing-Taizhou railway public-private partnership project was signed, marking China’s first high-speed line with private investors taking the controlling stake. This is one of the eight railway projects that involve PPP scheme, approved by China’s National Development and Reform Commission.

A group of private investors led by Chinese conglomerate Fosun International will invest around 40.9 billion yuan (USD 6.2 billion) in the project, and will hold a majority stake. Thus, a consortium of eight privately owned enterprises led by Fosun International will take a controlling 51 percent stake in the 12.36 billion yuan (USD 1.9 billion) registered capital of the railway project.

Story | China HSR | Videos

Sweden rail passenger operator, SJ, decided to initiate the acquisition process on the delivery of 30 high- trains capable to run at speeds of 250 km/h, valuated at SEK 5-6 billion (EUR 524- 630 million). “The procurement decision is a milestone for our investment strategy. By acquiring new and modern trains, we will be able to meet the increasing demand in transport services, while providing our customers with a better travel experience. The new trains will provide better comfort, shorter travel time and increased punctuality and reliability,” Crister Fritzson, CEO of SJ said. The new trains will gradually put into commercial operation starting 2021 and will run on Stockholm-Malmö route as well as to Norway and Denmark.

According to the specification, each train will have 350 seats and shall be based on proven technology and adapted to Nordic climate conditions. In addition, the company said that is focusing on intelligent trains in everything from maintenance and technical equipment to information to travelers.  Story | Modern Trains | Stations