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[quote user="samfp1943"] My question is does anyone have any idea what this $53 buillion is going to buy?  <div style="clear:both;"></div> [/quote] The General Accounting Office audited a representative sample of the proposed high speed rail projects.  It concluded that the estimated costs for the projects that it studied are iffy at best.  If I remember correctly, it did not come up with a total cost estimate for all the projects.  The estimated cost for the California High Speed Project is approximately $45 billion, although it has a lot of wiggle room in it.  Given the tendency of major projects to come in over budget, I would be surprised if they build it for $45 billion.  Several months ago I worked up the true cost of the CHS Project, assuming that the $45 billion was a good base number.  Adding in legal fees, investment banking fees, and interest on the debt, I believe the total cost of the project could top $78 billion.  The CHS Project is just one.  Given the other potential candidates identified by the DOT, I can only conclude that $53 billion is a starter number.  In any case, no one really knows what the vision for high or moderate speed rail would cost, in part because no one has laid out a comprehensive plan for the various projects on the planning boards or underway.
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