625

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

104 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[-] BombOmOm@lemmy.world 55 points 1 year ago

These projects are part of an $10 billion investment

California’s HSR system come in at $80 billion for 520 miles, or $154 million per mile. Amtrak estimates that it would cost $500 million per mile to turn its Northeast Corridor route into a true high-speed system. source

For $10 billion, we are talking an additional 20 to 65 miles of high speed rail to be built. This is basically nothing...

[-] 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

load more comments (21 replies)

this post was submitted on 09 Dec 2023

625 points (98.0% liked)

Technology

59982 readers

2151 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS