Comment History repeating itself (Score 1) 515
Sadly based on past statements regarding high speed rail I would imagine that their ticket prices and revenue projections are highly optimistic. The initial numbers said that the project would cost around $36B, cost estimates have since increased to at least $68B. At the same time the projects ridership numbers have been practically disproved, a peer reviewed study suggested a ridership of between 23.4 to 31.1 million where the "official" numbers were 65.5 to 96.5 million. I love the idea of some level of public transport but it needs to be economically viable.