Re:California bullet train cost surges by $2.8B
by stmfreak on Wednesday January 17, 2018 @11:21PM
(#16174669)
The real killer is that the $64B total project cost was the initial estimate. And costs are now up 77%! So we are likely north of $100B total cost. And bond repayments triple that to $300B over 30 years. Funds which are currently being diverted from the State's Highway Improvement fund. All so Brown can build a monument to 1800's rail technology that poorly competes with the 1900's airline industry.
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Re:California bullet train cost surges by $2.8B
by 1024core on Thursday January 18, 2018 @12:23AM
(#16174898)
> The real killer is that the $64B total project cost was the initial estimate. And costs are now up 77%! So we are likely north of $100B total cost.
Actually, the initial estimate was close to $100B. But when the public reacted with shock, they handwaived and said the cost would now be $68B. Just like that: poof! $32B knocked off the budget. Of course we all know that the initial cost was more accurate; and the final cost will be a lot more than $100B.