U.S. transportation minister wants to speed up new train service
- by admin
Transportation Minister Rob McKenna has unveiled a new transport policy that aims to speed development of new high-speed rail lines in the U.K., Canada and the U-S.
The Minister said the policy would “enable the United Kingdom to become the global leader in transport” by 2021.
The Minister made the announcement in the House of Commons today, the second time in less than a week that he has announced new rail infrastructure plans.
McKenna, a former investment banker, told MPs that “the United Kingdom is a global hub” and “one of the key growth areas for our country.”
In an interview with the BBC, McKenna said the UBS/HSBC study showed that the UB40 train would be the “fastest, most cost-effective, most reliable” train in the world, but said the project was “too expensive” and could take several years to complete.
“The UBS study showed us the UBA40 train, which is now under construction, was the fastest, most expensive, most accurate train in Europe,” McKenna said.
“The UBA50, which we are now developing, is the next fastest, the cheapest train.
But the UBC trains were built in the 1980s and it is very difficult to do the upgrades now.”
McKennon also said that the Department of Transport and the Ministry of Transport would jointly develop a “faster, more cost-efficient, most affordable, high-capacity, high capacity rail system.”
McGill University transportation professor David Deakin told The American Conservatives the new policy would allow the UBR40 to be built “in the next three to five years,” but he added that “in order to achieve the speed of a new train, we need to speed it up, and speed it is not just a question of getting it in the ground.”
McMahon, who was also the Minister for Transport from 2007 to 2014, is an investment banker at UBS, and the former investment manager for the UBN Group.
He previously worked at ULB and UBS Investment Management Group, the two largest private banks in the United States.
In an October speech, McKenna told the UPI/CIPS International Economic Forum in Davos, Switzerland that “I have a commitment to make it a priority for us to get the UBOB rail in the first quarter of 2021.”
He said the government would “make a commitment of £2 billion to invest in it over five years, which will allow us to build a high-performance, high performance train.
It will be a very cost-competitive train, with low operating costs, and will deliver the same speed, capacity and safety we are currently delivering.”
But a spokesperson for McKenna said in an email that the minister had “no further comment at this time.”
Transportation Minister Rob McKenna has unveiled a new transport policy that aims to speed development of new high-speed rail lines…
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