The Little Engine That Couldn’t: California’s High-Speed Rail Costs Rise To $200 Million Per Mile
California’s high-speed rail (HSR) pencils out to around $200 million per mile for the San Francisco–Los Angeles route. And this cost is almost certainly too low if the main attraction of the project is ever built. To give you an idea of just how much costs have increased, the LA–SF route cost estimate is nearly three times as high as the original total cost of the entire system. Welcome to the surreal world of how California’s state government spends with effectively no foresight, no hindsight, no accountability... Читать дальше...