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US News


BIDEN AND KISHIDA LIKELY TO DISCUSS TEXAS BULLET TRAIN PROJECT

By Reuters

Published April 9, 2024, 4:30 a.m. ET

President Joe Biden is seeking to revive interest in a plan to build the first
high-speed rail in the US using Japanese bullet trains, with sources saying he
is likely to discuss the project with Japan’s prime minister in Washington this
week.

The leaders may publicly voice support for the multi-billion-dollar Texas
project after Wednesday’s talks, which have been partly overshadowed by US
opposition to another Japanese investment, Nippon Steel’s planned purchase of US
Steel.

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Prime Minister Fumio Kishida’s state visit to Washington, the first by a
Japanese leader in nine years, aims to showcase closer security and economic
ties between the allies.

4
US President Joe Biden and Japanese Prime Minister Fumio Kishida could vote for
the multi-billion-dollar Texas project after Wednesday’s talks. REUTERS

The project linking Dallas and Houston will be on the agenda for the talks, said
three sources familiar with summit preparations, who sought anonymity as they
were not allowed to speak to the media.

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It is likely to be mentioned in joint statements following the talks, two of the
sources said.

However, a senior Biden administration official said the project did not appear
to have matured to the point where the leaders would announce progress publicly.

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All the sources cautioned that the details of the final agreements could change
before the visit.

Japan’s foreign ministry declined to comment, saying the governments were still
coordinating joint statements from the talks. The White House declined to
comment.

4
Japanese Prime Minister Fumio Kishida’s state visit to Washington will aim to
address closer security and economic ties with the US. REUTERS

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Support from the leaders could unlock new cash from the Federal Railroad
Administration and other Department of Transportation funds.

But the project, estimated to cost between $25 billion and $30 billion, still
faces potential hurdles in Texas and the US Congress.

Biden’s Transportation Secretary Pete Buttigieg has voiced support for the plan.

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“We believe in this,” he said in an interview with NBC 5 on Sunday. “Obviously
it has to turn into a more specific design and vision but everything I’ve seen
makes me very excited.”

With its vast distances between major cities, huge commuter population, and
dearth of public transport the United States has attracted multiple high-speed
rail proposals.

But none have ever been built, blocked by political wrangling, land ownership
riddles and skyrocketing costs.

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4
A Biden administration official admitted the project didn’t appear to have
matured to the point where the leaders would announce progress on it publicly.
REUTERS

A train linking Houston and Dallas, the US’s fourth and fifth biggest
metropolitan areas by population, has been discussed since the 1980s.

Previous efforts were stymied by the objections of private landowners along its
route.

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Biden and Kishida’s support, say the project’s advocates, will help attract
money from private investors for a “shovel ready” plan.

4
Biden’s Transportation Secretary Pete Buttigieg expressed support for the plan.
REUTERS

The 240-mile-long rail link, which will be built and operated by Texas Central
Partners and Amtrak, is expected to cut travel times between the cities to about
90 minutes, from 3-1/2 hours by car.

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Japanese state lenders, including the Japan Bank for International Corporation,
have provided loans to help develop the project, which is procuring shinkansen
bullet train technology from Central Japan Railways Company.

Progress with the project would be a win for the Biden administration, which has
pushed climate-friendly policies and rail investment.

What do you think? Post a comment.

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But it is likely to draw criticism, particularly from hardline Republican
lawmakers in the US House of Representatives who have opposed using public funds
for rail projects in the past, and oppose using them now to rebuild Baltimore’
Francis Scott Key Bridge, which was destroyed by a cargo ship last month.

Plans for a possible nod of support from leaders follow Biden’s opposition
to Nippon Steel’s plan to buy US Steel Corp, saying it must remain in US hands.

Biden, who signed a $1-trillion infrastructure bill in 2021 that includes $66
billion for rail projects, will face Donald Trump in November’s presidential
election rematch.

With voters rating the economy at the top of their concerns, Democratic
president Biden has pushed government-backed building projects that his aides
argue could create jobs and relieve inflation pressures.


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Filed under joe biden ,  kamala harris ,  texas ,  trains ,  4/9/24
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