Introduction: High-Speed Rail Challenges in North America and Europe High-speed rail projects worldwide face significant cost overruns and implementation challenges. As Canada advances its ambitious Ontario-Quebec ALTO high-speed rail project , examining the costly mistakes of California's High-Speed Rail (HSR) and Britain's HS2 provides crucial insights for successful project delivery. Critics in North America, often unfamiliar with high-speed rail benefits, frequently highlight California's HSR difficulties. Similarly, Britain's HS2 project faces intense scrutiny due to escalating costs that have nearly doubled original estimates. Canada's ALTO High-Speed Rail Project Overview The Cadence Consortium manages Canada's high-speed rail initiative, consisting of: CDPQ Infra AtkinsRéalis SYSTRA Canada Keolis Canada Air Canada SNCF Voyageurs Alto, a crown corporation, serves as the Project and Contracting Authority, responsible for development, impleme...
Proxima/Velvet: France's High-Speed Rail Revolution - The First Independent High-Speed Rail Operator
France's high-speed rail landscape is experiencing a historic transformation with the emergence of Proxima, now operating under the brand name Velvet. This groundbreaking venture represents France's first independent high-speed rail operator, challenging the decades-long dominance of state-owned SNCF and promising to revolutionize rail travel across the country. The Birth of a Vision The story of Proxima begins with two visionary co-founders: Rachel Picard, former director of SNCF Voyageurs, and Tim Jackson, both of whom recognized an opportunity to address the growing demand for high-speed rail services in France. Their ambitious project gained substantial backing from Antin Infrastructure Partners, a French private equity firm that committed to an initial investment of €1 billion to bring this vision to life. The company's origins trace back to 2024, when the founders identified a critical gap in France's high-speed rail market. Despite France being Europe's l...