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
60 points
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