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USA Will Invest in High-Speed Train to Fight Climate Change (www.raillynews.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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USA Will Invest in High-Speed Train to Fight Climate Change::The USA Will Invest in High-Speed Train to Fight Climate Change - US President Joe Biden announced in a speech on December 9, 2023 that they are carrying out the first high-speed train projects in US history. These projects are across America

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[-] ExLisper@linux.community 61 points 1 year ago

The worst part is that it usually follows well known cycle of:

project is estimated at $10b, government assigns $10b
private companies spend it on consultants and analysis, little gets built
government agrees to invest another $5b but requires cuts to the initial scope
with reduced scope projected passengers numbers drop, project is less attractive
repeat until cost is 1000% of the initial estimate and usefulness is 0. cancel project

this post was submitted on 09 Dec 2023

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