To the editor: The Times reports that the first 29-mile segment of the
The estimated cost remains at $68 billion. In comparison, the recently completed Oakland Bay Bridge project was more than $5 billion over budget and took 10 years longer than expected. The cost was supposed to be $1.3 billion.
Granted, there were some unexpected complications, but that's not unusual. Given any uncertainties that may arise, the idea that building the bullet train — a project orders of magnitude more complicated than the Bay Bridge work — will cost $68 billion is just fantasy.
I would be willing to bet the final cost will be double that. But given the current rate of progress, I doubt I will live long enough to collect on such a wager.