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Cake day: January 30th, 2025

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  • Nah, $70 billion is about right, and that’s a conservative estimate. If it turns out anything like california high speed rail then it could definitely go into $100 billion territory.

    Common law countries like the u.s., Canada and u.k. are really inefficient at building hsr due to property rights issues. California is still struggling to build its hsr even though it’s scope has been reduced, its budget keeps ballooning. Similarly, the hs2 project in England to connect London to Manchester has also been cut back to just Birmingham, and it’s also over budget ringing in £ 50 billion for just that section.

    If this were china then yeah you could probably get a Vancouver to Quebec line for $70 billion, but the Canadian central government isnt that strong and would have to deal with a lot more regulations.