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<P mce_keep="true">[quote user="oltmannd"][quote user="Sam1"]The GAO Report can be found on its website. I don't remember how I found it; I think I was running a search one day when I came across it. [/quote]Thanks. I did search and find it. It was disappointed at the depth of their analysis of ridership models and estimates. It was really just a discussion of the factors that influence them and how they might be less than objective. I was hoping for some analysis to see which of these factors played out where, when and with whom. That is, why do some projects tend to underestimate (Amtrak's Lynchburg train) and some overestimate (Amtrak's Atlantic City service). It doesn't seem to be relevant to me if ridership projections in China or Spain are bad if one does not take the country's culture and politics into account as a variable. There was no "there" there.[/quote]</P> <P>Auditors don't develop customer and revenue projections. They comment on the robustness or lack thereof of the projections that have been developed by the project's proponents.</P> <P>As I read the report, that is exactly the conclusion that they came to, i.e. the ridership and revenue projections are shakey, although they vary from project to project. </P>
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