> They have the additional benefit of not needing extremely expensive new infrastructure for starting a new line.
Only because of the sunk cost of building all those interstates. At some point, you're going to need to repair or rebuild them.
Which makes me wonder: What is the cost of a new kilometer of rail vs. a new kilometer of highway? And which one is cheaper to maintain? I don't have any intuition there.
Only because of the sunk cost of building all those interstates. At some point, you're going to need to repair or rebuild them.
Which makes me wonder: What is the cost of a new kilometer of rail vs. a new kilometer of highway? And which one is cheaper to maintain? I don't have any intuition there.