Japan offers to lend US half the cost of 'Super Maglev' train between Washington and Baltimore :russ

Julius Skrrvin

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http://www.slate.com/blogs/moneybox...llion_construction_cost_is_laughably_low.html

The Japanese Think They Can Build a Maglev for $8 Billion
By Matthew Yglesias
71512380.jpg.CROP.promo-mediumlarge.jpg

Shanghai Maglev
Photo by China Photos/Getty Images

The story, reported in Japan's Asahi, that the Japanese government would be willing to float a $4 billion loan to cover half the cost of a D.C.-Baltimore "super-maglev" that would cut travel time between the two cities to 15 minutes is very cool.

The only problem is there's no way you could build a D.C.-Baltimore maglev for that kind of money. New York's Metropolitan Transportation Authority is building a tunnel that would let Long Island Railroad trains go to Grand Central Station and that costs $8.76 billion. Amtrak wants $7 billion to renovate Union Station. The Silver Line of D.C. Metro going from suburban Virginia to Dulles Airport is costing $6.8 billion.

Now let's be clear—these civil engineering costs in the United States are totally insane and way out of line with what other developed countries manage to achieve. Reform of the issues at the root of these sky-high costs ought to be a high priority. But the issues appear to me to be fairly deep, tied to the nature of the common law legal system, the craft union tradition in American labor, relatively weak central government, etc. Until something is actually done to fix this stuff, the various versions of maglev dreams are just dreams. Given the actual structure of American civil engineering costs, many fewer projects pass a cost-benefit test than would be true if we had French, Spanish, or Japanese construction costs.


:russ: @ them laughing at our shytty infrastructure
 
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teacher

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wow and instance of where capitalism actually increases price :ohhh:
 

the cac mamba

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:wow:

its true, these unions and shyt are ridiculous. im from mass where they had the 'big dig' :scusthov: shyt has been an absolute abortion
 

theworldismine13

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i dont really get the negativity in this article or the posts, im not following how other unrelated and different projects are proof that it cant be built for 8 billion, or why its a big deal if the japanese want to lend the money, they are just using the line as a model so that they can sell more trains to other countries and cities, the japanese logic is explained in the original article

overall i think its an excellent idea and a win win
 
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