(1)
Not later than June 1, 1995, the Secretary shall complete and submit to Congress a study of the commercial feasibility of constructing 1 or more high-speed ground transportation systems in the United States. Such study shall consist of—
(A)
an economic and financial analysis;
(B)
a technical assessment; and
(C)
recommendations for model legislation for State and local governments to facilitate construction of high-speed ground transportation systems.
(2)
The economic and financial analysis referred to in paragraph (1)(A) shall include—
(A)
an examination of the potential market for a nationwide high-speed ground transportation network, including a national magnetic levitation ground transportation system;
(B)
an examination of the potential markets for short-haul high-speed ground transportation systems and for intercity and long-haul high-speed ground transportation systems, including an assessment of—
(i)
the current transportation practices and trends in each market; and
(ii)
the extent to which high-speed ground transportation systems would relieve the current or anticipated congestion on other modes of transportation;
(C)
projections of the costs of designing, constructing, and operating high-speed ground transportation systems, the extent to which such systems can recover their costs (including capital costs), and the alternative methods available for private and public financing;
(D)
the availability of rights-of-way to serve each market, including the extent to which average and maximum speeds would be limited by the curvature of existing rights-of-way and the prospect of increasing speeds through the acquisition of additional rights-of-way without significant relocation of residential, commercial, or industrial facilities;
(E)
a comparison of the projected costs of the various competing high-speed ground transportation technologies;
(F)
recommendations for funding mechanisms, tax incentives, liability provisions, and changes in statutes and regulations necessary to facilitate the development of individual high-speed ground transportation systems and the completion of a nationwide high-speed ground transportation network;
(G)
an examination of the effect of the construction and operation of high-speed ground transportation systems on regional employment and economic growth;
(H)
recommendations for the roles appropriate for local, regional, and State governments to facilitate construction of high-speed ground transportation systems, including the roles of regional economic development authorities;
(I)
an assessment of the potential for a high-speed ground transportation technology export market;
(J)
recommendations regarding the coordination and centralization of Federal efforts relating to high-speed ground transportation;
(K)
an examination of the role of the National Railroad Passenger Corporation in the development and operation of high-speed ground transportation systems; and
(L)
any other economic or financial analyses the Secretary considers important for carrying out this section.
(3)
The technical assessment referred to in paragraph (1)(B) shall include—
(A)
an examination of the various technologies developed for use in the transportation of passengers by high-speed ground transportation, including a comparison of the safety (including dangers associated with grade crossings), energy efficiency, operational efficiencies, and environmental impacts of each system;
(B)
an examination of the potential role of a United States designed maglev system, developed as a prototype under section 1036(b) of the Intermodal Surface Transportation Efficiency Act of 1991, in relation to the implementation of other high-speed ground transportation technologies and the national transportation system;
(C)
an examination of the work being done to establish safety standards for high-speed ground transportation as a result of the enactment of section 7 of the Rail Safety Improvement Act of 1988;
(D)
an examination of the need to establish appropriate technological, quality, and environmental standards for high-speed ground transportation systems;
(E)
an examination of the significant unresolved technical issues surrounding the design, engineering, construction, and operation of high-speed ground transportation systems, including the potential for the use of existing rights-of-way;
(F)
an examination of the effects on air quality, energy consumption, noise, land use, health, and safety as a result of the decreases in traffic volume on other modes of transportation that are expected to result from the full-scale development of high-speed ground transportation systems; and
(G)
any other technical assessments the Secretary considers important for carrying out this section.