Investors Push to Build Prototype of $2.3 Billion Elevated Magnetic Rail System

Private investors say they have enough money to build a prototype for an elevated rail system that would connect Lansing, Ann Arbor and Detroit.

According to excerpts from the article:

State Rep. Bill Rogers, R-Brighton, who heads a taskforce looking into whether the state should grant easements for the rail line along Interstate 96, U.S. 23 and I-94, said the system is possible—provided there's private funding to meet the $2.3 billion price tag.

"If they truly can finance it, I don't know why it couldn't exist," Rogers said. "I just don't know if the money is there."

The "MagLev" rail line would incorporate hydrogen and solar technology, and magnetic forces would help propel train cars along stainless steel tubes. Other tubes could serve as conduits for fiber opticcable, electrical lines and utilities like water and natural gas. All are technologies in use in high-speed rail systems in Japan, China and Portugal, its developers said.

Read the entire article here.

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