High-speed rail continues to be an expensive, sick joke for California. Under the current plan, it is no longer “high-speed” and projected costs, which seem to change almost daily, appear to be doubling.

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/

This entry was posted on Monday, August 22nd, 2016 at 2:08 am and is filed under Blog Posts.