My Bio and This Blog's Purpose

My photo

With a new administration in D.C., it's time to think outside of the box because passenger rail's survival just may depend on it

Wednesday, November 19, 2014

Tackling the Headlines 72

The news just gets weirder and weirder out of Indiana

Earlier this month, the INDOT canceled its contract with Corridor Capital without any explanation. The second thing that happened was that Corridor Capital responded to the termination by more or less making Indiana look incompetent.Then, INDOT talked to runner up Iowa Pacific about taking over the Hoosier State. Now, a former executive of Corridor Capital says that the contractor was unprepared and didn't receive any support from its investors.

Take: At this point, I just don't know what to think. The fact that Indiana doesn't want added amenities is beyond puzzling. Perhaps, this wouldn't have happened if Iowa Pacific been awarded the contract from the beginning. This should be a lesson for Corridor Capital to be better prepared next time.

Mexican HSR deal is canceled 

While the rail community was caught up over the Hoosier State debacle and the midterm elections, the Mexican government canceled a high speed rail contract with a Chinese consortium when it was discovered that the person leading the group gave the Mexican president a mansion.

Take: Corruption knows no boundaries. Chalk this one as a blown opportunity for reviving passenger rail in Mexico.

No comments:

Post a Comment