Inflation and delays could add billions more to bullet train project costs - News Summed Up

Inflation and delays could add billions more to bullet train project costs


To be sure, the vast majority of megaprojects around the world bust their budgets, though, for a variety of technical, legal, political and financial reasons. Boston’s 3.5-mile Big Dig, for example, was finished in 2007 — nine years behind schedule and at a cost of $14.6 billion, up from an initial estimate of $2.5 billion. The 11-mile East Side Access tunnel in New York City is 14 years behind schedule, and its tab has grown from $4.3 billion to $11.1 billion.


Source: Los Angeles Times August 26, 2018 10:52 UTC



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