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In reply to the discussion: Maglev train idea for Northeast resurfaces [View all]elleng
(130,865 posts)Rogers, chairman of the Synergics energy company in Annapolis, estimated that building the Baltimore-D.C. segment alone would require somewhere north of $10 billion. But the extensive tunneling that would put more than 30 of its roughly 40 miles underground, avoiding Linthicum and other neighborhoods affected by an earlier plan, could drive the cost higher. By Rogers own estimates, tunneling costs alone could reach $4.5 billion to $6 billion.
Unlike past proposals, the TNEM group says it can count on financing from a Japanese government bank, reflecting Tokyos eagerness to launch the new superconducting maglev technology developed by Japan Central Railroad in the U.S. Northeast Corridor. . .
Japan is hoping that development of the Washington-Baltimore segment would entice investors to finance the rest of the line between Baltimore and New York, Rogers said.