In the latest news, the nascent California high-speed rail system is running $50 million over budget for a two mile stretch in Fresno.
Let that sink in for a moment.
$50 million, over budget, for just a two mile stretch.
Let’s see, HSR has a $50,000,000 cost over run on 2 miles of a 32 mile job. Does that mean we can expect total cost overrun of $25 million per mile times 32 miles or $800,000,000?
To read the entire column click here http://www.hjta.org/california-commentary/high-speed-rail-is-on-track-to-incur-billions-in-overruns/