Story from Forbes
EAST LANSING, Mich. -- A company developing a plan to build a hydrogen-powered high-speed rail system in Michigan says private investors have stepped forward with enough funding to build a prototype.
Connie Murry Cole of Whitmore Lake-based Interstate Traveler Co. LLC said at a hearing Monday in East Lansing that the prototype could be built within a year, but a location has not been determined.
The hearing is the first of four state Rep. Bill Rogers, R-Genoa Township, and others have scheduled.
The next hearing is July 10 in Ann Arbor.
Interstate Traveler has said the multibillion-dollar magnetic elevation train system would be privately financed. It aims to start with lines linking Detroit to Ann Arbor and Lansing that could move passengers at 200 miles per hour.
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