What is the cost per mile to build a European-style high-speed rail corridor?
There is no experience in the U.S. in such high-speed rail development. Planning estimates and international experience suggest that the average cost per mile for advanced steel-wheel high-speed rail would be between $30 and $50 million. Factors that have a major influence on cost include the availability of right-of-way, maximum operating speeds, topography, and the extent of elevated structures and tunnels.