Tuesday, December 28, 2004

I'm shocked - shocked - to find that the price tag for a government-funded rail system has more than doubled!

The Capital Times:

The projected cost of a proposed Midwest network of high-speed trains has increased to about $1.2 billion in Wisconsin, a new report shows.

The Midwest Regional Rail Initiative that would create a network of fast, frequent trains would link Milwaukee, Madison, Green Bay and other cities to Chicago and Minneapolis-St. Paul.

Other routes would link Chicago to St. Louis, Detroit, Cincinnati, Cleveland, Indianapolis, Kansas City, Omaha and Des Moines.

When cost estimates were first released in 1998, the system was projected to cost $849 million in Wisconsin.

The new report said the projected overall cost has increased from $3.47 billion to $7.7 billion.

No comments: