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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (602460)3/5/2011 1:12:38 PM
From: tejek  Read Replies (2) of 1575391
 
Rush Hour Read: Japan Considers Paying Half of California High-Speed Rail Costs

Japan certainly enjoys a good bullet train. Now it wants to make sure California does too — so much so, that it appears willing to foot a significant portion of the state’s high-speed rail bill. Japan’s ambassador to the United States, Ichiro Fujisaki, stated his country’s position earlier this year at a rail conference in Los Angeles, reports the California High-Speed Rail Blog:

Ambassador Fujisaki’s opening remarks to the conference were a forceful call for us to use Japanese know-how and equipment for our high speed rail. Most extraordinarily, the ambassador stated that he believes Japan will pay for up to half of the cost of the California’s HSR.

This is significant of course as we try to find dollars to complete our system. While Fujisaki’s comments of course don’t bind the Japanese government, its railways, or the Japan Bank for International Cooperation (JBIC, the likely vehicle for California HSR financing as I’ll explain below) it is nonetheless a significant statement. Japan’s highest ranking diplomat would not make such a statement lightly. Furthermore, there is every reason to believe that such cooperation on HSR between the US and Japan is very much in our bi-lateral national security interests. …

Basically our Japanese allies are begging us for the chance to build our train because they know it’s going to profitable. You can look at it this way. Japan is already a large purchaser of America’s sovereign debt. Investing in HSR will, in my analysis, simply be an “earmarking” of money that Japan is already spending on US and state government securities.

infrastructurist.com
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