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Started By
Message
California's bullet train is hurtling toward a multibillion-dollar overrun
Posted on 1/15/17 at 8:26 am
Posted on 1/15/17 at 8:26 am
LINK
quote:
California's bullet train could cost taxpayers 50% more than estimated — as much as $3.6 billion more. And that’s just for the first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco.
A confidential Federal Railroad Administration risk analysis, obtained by The Times, projects that building bridges, viaducts, trenches and track from Merced to Shafter, just north of Bakersfield, could cost $9.5 billion to $10 billion, compared with the original budget of $6.4 billion.
The federal document outlines far-reaching management problems: significant delays in environmental planning, lags in processing invoices for federal grants and continuing failures to acquire needed property.
23
Posted on 1/15/17 at 8:28 am to wickowick
If it's government funded I would say it's right on target. 
Posted on 1/15/17 at 8:28 am to wickowick
I'm shocked
Posted on 1/15/17 at 8:31 am to wickowick
How do people miss their estimate by billions of dollars?
Posted on 1/15/17 at 8:31 am to wickowick
They will eventually ban it since it has "bullet" in the name.
Posted on 1/15/17 at 8:35 am to wickowick
quote:
And that was before Gov. Jerry Brown warned Tuesday that California’s projected 2017-18 budget shows a $1.6-billion deficit.
So much for their fiscal success story.
Posted on 1/15/17 at 8:36 am to PrimeTime Money
More than likely, they knew the initial estimate was low but was not economically/ politically feasible to move the project forward at the higher bid amount so it was lowballed to get it passed...
Posted on 1/15/17 at 8:36 am to PrimeTime Money
Ask the VA idiots that are still completing a major hospital in Colorado.
Went from approx. $330 million to $1.73 Billion!
Still going.
Went from approx. $330 million to $1.73 Billion!
Still going.
Posted on 1/15/17 at 8:36 am to PrimeTime Money
quote:
How do people miss their estimate by billions of dollars?
How does it happen every time with public transportation?
This post was edited on 1/15/17 at 8:37 am
Posted on 1/15/17 at 8:40 am to wickowick
Didn't Ray Charles predict this would happen?
Posted on 1/15/17 at 8:42 am to FightinTigersDammit
Even Ray Charles could see this coming.
Posted on 1/15/17 at 8:44 am to wickowick
Wow!
Who could have possibly seen this coming? Why didn't anyone warn them?
Oh! That's right...just about everyone did.
frick California.
Who could have possibly seen this coming? Why didn't anyone warn them?
Oh! That's right...just about everyone did.
frick California.
Posted on 1/15/17 at 8:45 am to Stingray
quote:
How does it happen every time with public transportation?
Well, if we look at whose investment fund was involved in the initial contract, we see a very familiar name... Sen. Feinstein's...
Posted on 1/15/17 at 8:46 am to PrimeTime Money
quote:
How do people miss their estimate by billions of dollars?
Here, I'll help......., it aint their mutha frickin money!!!!!!!!!!!!!!
Posted on 1/15/17 at 8:48 am to FooManChoo
quote:
Even Ray Charles could see this coming.
Even Peej wouldn't have predicted on time and under budget.
Posted on 1/15/17 at 8:49 am to wickowick
quote:
A confidential Federal Railroad Administration risk analysis
quote:
confidential
1- This was never intended to be made public. They were going to pretend everything was fine.
2- Why the frick was this document 'confidential' in the first place? (see 1).
Posted on 1/15/17 at 8:50 am to wickowick
Are the Boxer or Fienstein families involved in the planning and/or construction.
Posted on 1/15/17 at 8:57 am to wickowick
And people think Cali would survive on their own
They blow more money than NFL/NBA players at a strip club
They blow more money than NFL/NBA players at a strip club
Posted on 1/15/17 at 9:14 am to canyon
quote:This is a great example of why government needs to stay out of healthcare.
Ask the VA idiots that are still completing a major hospital in Colorado.
Went from approx. $330 million to $1.73 Billion!
Posted on 1/15/17 at 9:19 am to PrimeTime Money
quote:I'm driving now but I can answer this in detail when I'm done.
do people miss their estimate by billions of dollars?
Suffice to say that this happens by design. I don't mean they plan it to happen. I mean that the government contract process can't help but produce this result
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