![]() ![]() A report by the states Legislative Analysts Office (LAO) found that the programs 2008 business planwhich had been legally required to be submitted to the state legislature on Septembut was not released until after the bond issue was votedwas deficient. The betrayal dates back to the projects inception. And the reason it failed is because of a gross failure of state governance, one on such a grand scale that it is nothing short of a betrayal of Californians. Or perhaps ever.Ĭalifornias HSR is perhaps the greatest infrastructure failure in the history of the country. And the original budget of about $33 billion for the entire 800-mile system is now inadequate to build just one route (Bakersfield to Merced), whose cost pencils out to $207 million per milea cost that will almost certainly rise in the future, and for a route that may not be ready for ten years. Not one route has been completed, even though nearly all the $9.95 billion seed money has been spent. In 2008, California voters approved $9.95 billion of state bond funding as seed money to build an 800-mile high-speed rail (HSR) network connecting Los Angeles and San Francisco, and the Central Valley to coastal cities, at speeds of up to 220 miles per hour, with an expected completion date of 2020.īut now, 15 years after the bond issue, three years after the expected completion date, not one train has left the station. Single Issues of The Independent Review.Podcast: Independent Outlook / Conversations.International Economics and Development. ![]()
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