California bullet train cost surges by $2.8 billion: 'Worst-case scenario has happened'
LATimes: The
estimated cost of building 119 miles of bullet train track in the
Central Valley has jumped to $10.6 billion, an increase of $2.8 billion
from the current budget and up from about $6 billion originally.
The
new calculation takes into account a number of intractable problems
encountered by the state rail agency. It raises profoundly difficult
questions about how the state will complete what is considered the
nation's largest infrastructure project with the existing funding
sources.
It
remains unclear how the Central Valley cost increases will affect the
total program, which under the 2016 business plan is supposed to cost
$64 billion. But the jump in the Central Valley — a 77% increase above
the original estimate — suggests the authority and its consultants have
vastly underestimated the difficulties of buying land, obtaining
environmental approvals, navigating through complex litigation and much
else.
26 comments:
You think this is worst case?
You ain't seen nothing yet.
YOU DID.!!😣😐😢😦😖
Maybe Trump will pay for it.
They already know that right of way acquisition is going to be billions more than is currently acknowledged. It's criminal and it will continue.
That's what I wuz thinkin...
Raise the puff tax, that will fix it!
OK, who popped the Stock Market bubble!
Sure, as soon as the proposed path is laid out, speculators buy up the land and drive up the price, knowing they have a captive buyer. It's not like they can pick the road up and move it. So many things are missed in the initial due diligence too. Find an endangered species while doing construction staking, previously unknown underground cave, indian burial ground, etc.
Obama did it!
Disney bought its Florida land with great secrecy, because they knew it would jappen. Kali is too dumb to do that
Happen
50 degrees. Brrrrr.
No comments about the orange one?
Daniel Webster came back from the dead and asked a future politician. How stands the Republic? My answer til now would have been LIKE A ROCK!! sadly, I can't say that anymore.
The entire second season of True Detective centered around the land rush surrounding the Brown Bullet. The characters all regularly discussed how it was a massive payoff to government-affiliated interests.
Super moon. Blood moon. Eclipse. Cool.
The roofers are here, yay. They have a big truck, and a ladder leaned against the house and everything!
13°... brrrr
You can think your lieberul friends for that
Good morning y'all
Good Morning!
Miss the pep rally last night, any thing good? Futures bouncing back after a slump yesterday. ����
I lied. They were only delivering more stuff.
I predict there will be a tweetstorm with a day or 2, when he realizes he wasn't divisive enough, and takes Back a lot of what he says.
I didn't watch . Hub said it was a good speech.
Roofers seem to be here. Most don't speak English.
I don't care, long as they do a good job.
The dumpsters are not here. Have to go to see financial adviser shortly, to get rebalanced.
“The Speech” was so awesome even the moon was eclipsed. Then it blushed.
It isn’t a roofing project until the dumpsters arrive.
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