Biden spending $8.3 billion on a high speed rail system

[RedBreast21]

The agency is claiming it's 96 billion. The 3.9 billion is just Biden's gift this week. Hell they already spent 10 billion on the initial phase and that has several years of work to go on their already blown wet dream schedule

It's theft of tax payer funds of the other 49 states. Construction costs in the country are out of control with zero accountability. I've seen two generations of NYC bridge contract workers pass. Third generation just starting. lol Lanes closed daily. That completed rail system of 96 billion would need 4.8 billion in revenue annually to recover building costs in 20 years.

 

[Saltwater60]

The agency is claiming it's 96 billion. The 3.9 billion is just Biden's gift this week. Hell they already spent 10 billion on the initial phase and that has several years of work to go on their already blown wet dream schedule.
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From 88 billion to 128 billion is a 50% increase. How can you do an estimate like this and put this to anyone reasonably intelligent

 

[Saltwater60]

The problem is no one can do simple math these days. This is projected to coast 8.3 billion and is projected to have 11 million passengers per year. Of course it will go over projected costs and I doubt there will be 11 million passengers yearly.
The portion between San Fran and Vegas is to cost 3 billion and if all 11 million go there it will take 275 years to recoup the cost of a ticket is $1.00. That’s not counting any overhead at all. Of course tickets won’t be a dollar.
Now 11 million people divided by 365 days in a year is over 30,000 people daily and that won’t happen either. We need projects that have an ROI not just feel good.

 

[SomeSoldier]

Think it will end like CAs rail? Incomple and billions over budget. Wonder where all the money went?

 

[dwa12479]

High speed rail is a great way to travel. Its too bad that government bloat always destroys good projects and makes them financially disastrous. Getting around Europe is a piece of cake with their rail systems. And they had centuries worth of existing infrastructure to work around. And they figured it out.

 

[repete]

Wabash Railroad - Wikipedia

PREX 1603 leading PREX 3054 blasts down the former Wabash Railroad's 5th District!

If I was an old Hobo on that train, I'd get off and walk!

 

[Acer-m14]

if they want faster travel then just remove all the speed limit signs on the roads ..

the cost would be cheaper

 

[fresch]

If we could only harness the Maglev tech we could,
Wait we tried that one and failed too.

 

[Saltwater60]

if they want faster travel then just remove all the speed limit signs on the roads ..

the cost would be cheaper

But they wouldn’t get revenue from tickets then….