California Dreaming: New High-Speed Rail Project to Cost Roughly $100 Billion
Mon Oct 31, 2011 10:47pm EST
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The new business plan for California’s high-speed rail system shows the nation’s most ambitious state rail project could cost nearly $100 billion in inflation-adjusted funding over a 20-year construction period, far above the amount originally projected.The plan, which was shared late Monday with The Associated Press, also shows the system would be profitable even at the lowest ridership estimates and would not require public subsidies to operate.
The report estimates the actual cost at $98.5 billion if the route between San Francisco and Anaheim is completed in 2033. It assumes private investment will account for roughly 20 percent of the final cost.
The initial estimate to build the system when voters approved bond funding for it in 2008 was $43 billion in non-adjusted dollars.
At least it makes our $6BIL Honolulu rail job that we can’t afford either seem like such a deal.
As dumb as this is, it’s not as dumb as the California LegisIdiots voting a statewide cap & trade regime upon themselves.
Bang! Goes the circular firing squad with another round.
How in the hell do these idiots keep getting elected? Is everyone in California on meth?
^ Yes. Next question?