... Munich and the state of Bavaria threw in the towel after cost estimates for a maglev train line from the city center to the airport nearly doubled ...
From a National Corridors Initiative article about Munich now building a conventional rail tunnel under the city ...
Munich can't afford Maglev to the airport, but Baltimore is supposed to come up with many Billions for it?
Again, it's not a Baltimore (or Washington) project, it's a (probably functionally third-sector) Japanese-funded project.
Joe Fox, a traffic reporter and transit activist, wrote on the Greater Greater Washington blog
Japan is willing to pay for half the project in hopes it catches on, but who would fund the other half?
The $10 billion dollar question for the entire project is the funding source. The Japan Bank of International Cooperation (JBIC) has offered to pay half the cost of the DC to Baltimore line. The remainder of the initial funding would come from a yet-to-be-identified mix of (American) federal, state, and private sources.
There would also need to be dedicated funding via either fares or government support to repay JBIC for its initial investment.
It's a project half-funded by a loan from Japan's export-import bank. Like most loans, it would need to be repaid. The other half the money needed to build it would come from government (or private ha ha) sources. So it looks like whether the project uses Maryland's money, or funds from the City of Baltimore, or both, that taxpayers in Baltimore would have to pay for Maglev.
Edited by WoodyinNYC, 12 April 2017 - 08:39 AM.