California bullet train project faces more cost increases, possible delays

By artappraiser on Sun, 03/05/2023 - 1:57am |

Astounding. Absent institutional / legal reform, federal funding in mfg, tech, etc won’t be enough to revitalize the US. IRA and CHIPS good first steps, but by no means is the work done. https://t.co/wD509xuFb2
— Gary Wang (@Gary__Dubya) March 4, 2023

URL:

https://www.kcra.com/article/california-bullet-train-more-cost-increases-possible-delays/43169445

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This project is 2x+ the cost of CHIPS, and 10 yrs behind schedule… see original NYT piece - https://t.co/gAArxyyvs8
— Gary Wang (@Gary__Dubya) March 4, 2023

article is from Oct. 9; excerpt

[....] Now, as the nation embarks on a historic, $1 trillion infrastructure building spree, the tortured effort to build the country’s first high-speed rail system is a case study in how ambitious public works projects can become perilously encumbered by political compromise, unrealistic cost estimates, flawed engineering and a determination to persist on projects that have become, like the crippled financial institutions of 2008, too big to fail [....]

by artappraiser on Sun, 03/05/2023 - 1:59am

I assume a long way from Eisenhower's national highway system.

Pathetic.

by PeraclesPlease on Sun, 03/05/2023 - 3:36am

California bullet train project faces more cost increases, possible delays

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