“SACRAMENTO, Calif. (AP) — The new business plan for California’s high-speed rail system shows the nation’s most ambitious state rail project could cost nearly $100 billion in inflation-adjusted funding over a 20-year construction period but also would be profitable even at the lowest ridership estimates and would not require public operating subsidies, according to a draft copy of the plan shared late Monday with The Associated Press.”
Bulls**t, bulls**t, and bulls**t.
No matter what the estimate, tripling it is entirely safe.
In the entire world, there are perhaps 20 passenger train lines that are self-supporting revenue wise.
This has been true for 50 years.
The only way this will ever make sense is is gas goes to $50. And that may not be out or range for their plans for us.
Why don’t we just buy off the unions for $30 billion, cancel the project and save $70 billion?