Governor Chris Christie of New Jersey is looking like a prophet now. In late October, the Governor cancelled a new tunnel across the Hudson River between New Jersey and New York City, because of the potential for cost overruns, which would be the responsibility of New Jersey taxpayers. By that point, the cost of the tunnel had escalated at least $1 billion to $9.7 billion. read more »
Blogs
Confirming International Research: Hudson Tunnel Costs Explode
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California High Speed Rail Costs Escalate 50 Percent in 2 Years
The highly respected Californians for Responsible Rail Design (CARRD) has released a new cost estimate for the phase 1 Los Angeles to San Francisco high-speed rail line. Based upon an analysis of California high-speed rail Authority documentation, including stimulus grant applications and other internal sources, CARRD estimates that the line will now cost $65 billion, rather than the current estimate of $43 billion.
The CARRD release indicated: read more »
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More Cap and Trade Delays in California
The California Air Resources Board had good intentions when it developed a cap-and-trade plan to meet greenhouse gas standards, but according to a San Francisco Superior Court Judge, the Board made a few mistakes that will delay their efforts. The Air Resources Board is acting in response to AB32, California’s Global Warming Solutions Act of 2006, which calls for the reduction of carbon emissions to 1990 levels by 2020. read more »
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Brookings Economist Decries Transit Subsidies, Calls For Privatization
In his new book, Last Exit: Privatization and Deregulation of the U.S. Transportation System, Brookings Institution economist Clifford Winston contends that transit subsidies are largely the result of labor productivity losses, inefficient operations and counterproductive federal regulations. read more »
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Housing Crisis in Australia
Even if Australia is a beautiful place to live, it is far from affordable. Results from the Demographia International Housing Affordability Survey show that some of the country’s major cities rank near the bottom of the list of areas with affordable housing. Out of the 325 cities analyzed, Perth ranks 291st, Melbourne ranks 321st, and Sydney ranks 324th. read more »
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The President's Unserious Proposal
"Within 25 years, our goal is to give 80 percent of Americans access to high-speed rail." With this ringing statement in his State of the Union address, President Obama injected new hope into the flagging spirits of high speed rail advocates. Predictably, spokesmen for industry associations, progressive advocacy groups and other stakeholder interests praised the President’s goal as a symbol of his renewed commitment to support investment in infrastructure. But hardly any one we spoke to at the TRB meeting took the President’s ambitious goal seriously. read more »
Mega-City Semantics in China’s Pearl River Delta
Recently an article ran in The Telegraph about China ‘creating the largest mega-city in the world with 42 million people‘. The title of the piece is a bit misleading as the government is not planning a new city per se, but rather combining a group of nearby cities into one huge ‘mega-city’. The targeted group of cities makes up the Pearl River Delta region in China’s southern Guangdong Province. read more »
Gifting China
Listening to public radio, the host was interviewing a college professor as to why China has brought more innovation and progress in many areas of its growth, leaving other countries behind. In particular they mentioned high speed rail, low energy vehicles, and construction. The entire show was based solely upon how China’s universities educate differently than America, as if somehow a graduate student would suddenly posses the knowledge, experience, and drive to make major changes in transportation, science, design, and construction. read more »
Double Digit Ridership Increase Leaves London-Paris-Brussels High Speed Rail Behind Projections
The Eurostar, the high speed rail service that links London with Paris and Brussels remains more than 60 percent below its ridership projections as of 2010, according to recently released ridership information. This is despite a double digit (12 percent increase in ridership between 2009 and 2010. read more »
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The Great Plains: An Old Frontier May Hold The Secret to Recovery
Could the next zone of opportunity exist in the middle of the country? Census unemployment figures seem to signify this notion, especially in the Great Plains.
State-wise, November 2010 unemployment rates were lowest in North Dakota at 3.6%; South Dakota at 4.6%; Nebraska at 4.9%; Kansas at 6.5%; and Iowa at 6.8%. Compare these numbers to the ever-growing Sunbelt states where unemployment is at its most dismal with Arizona at 9.6%, California at 12.4%, and Nevada at a depressing 14%. read more »
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