Biden spending $8.3 billion on a high speed rail system

RedBreast21

RedBreast21

6.5 Creedmoor
Messages
1,628
Reaction score
2,659
Location
Westchester county
Steal2B said:
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
Click to expand...
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

Saltwater60

20×102mm Vulcan
Messages
35,984
Reaction score
40,410
Location
Western NY
Steal2B said:
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.
View attachment 220621
Click to expand...
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

Saltwater60

20×102mm Vulcan
Messages
35,984
Reaction score
40,410
Location
Western NY
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.
 
dwa12479

dwa12479

.338 Win Mag
Messages
7,136
Reaction score
14,658
Location
Dark Side of the Moon
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.
 
You must log in or register to reply here.
Top