California high-speed rail project’s estimated cost rises to $79B, report says
Critics of California’s plan to link the Los Angeles and San Francisco areas by high-speed rail have cited the estimated cost of the project – and now that cost is projected to increase by about $2 billion, according to a report.
The state’s High-Speed Rail Authority now estimates that the plan will cost about $79 billion – with the price of the Central Valley segment already under construction rising from $10.6 billion to $12.4 billion, Bloomberg reported.
The key to making big time $oldi with any government contract is, getting your foot into the door.
Just one of 1,000’s of examples of corruption and over-runs:
Federal Government Cost Overruns | Downsizing the Federal …
by C Edwards – 2015 – Cited by 10 – Related articlesSep 1, 2015 – In recent years, many federal projects have had large cost overruns. The cost to create the Healthcare.gov website launched in 2013 grew from $464 million to $824 million. The International Space Station more than quadrupled in cost from $17 billion to $74 billion.
Who is minding the store and counting the dollar$ you axe?? The guys with their hands out – the guys that get their weekly envelopes.
What is the purpose of the bidding process if the final number is not the final number.
Either the engineers that design the projects are incompetent in their design, accidentally or deliberately, or an arrangement has been made for kick-backs for the mistakes they made, accidentally or deliberately even before bids went out. Door # 2 is a very common arrangement and is not out of the question.
As we can see these are not unusual situations and are not restricted to just construction projects. The cost to create the Healthcare.gov website launched in 2013 grew from $464 million to $824 million. The International Space Station more than quadrupled in cost from $17 billion to $74 billion.
Who puts their signature on the final billing. Who takes the RAP for the over-runs?? No one. The over-runs are covered up and swept under the rug.
I have personally witness engineering firms that designed projects making monumental mistakes, accidentally or deliberately, and were paid big money to correct the mistakes they made, accidentally or deliberately. The collusion between engineering firms and the man with the pen are astronomical and always have been.
Look at TMC and the Un-affordable healthcare plan. To start with, he gave it, (there was no competitive bidding process) the contract to a Canadian firm (not an American firm) to develop the website, because one of the firms honcho was a class mate of Michele in college. GAVE IT TO THEM!!
No questions AXED, Obama just GAVE IT TO THEM.
Michelle Obama’s Princeton classmate is executive at company that …
Oct 25, 2013 – First Lady Michelle Obama’s Princeton classmate is a top executive at the … the no-bid contract to build the $678 million Obamacare enrollment website at Healthcare.gov. CGI Federal is the U.S. arm of a Canadian company. … CGI was one of 16 companies qualified under the Bush administration to …
GIVING it to them was not the corker. The Canadian company $#@&%^ it up so bad, never completed it. The contract was taken away and given to an American company to straighten out. And YES, they, Michelle’s classmate’s company, was still paid and were not AXED for a refund.
There are 1o’s of 1,ooo’s of situations where the people on the INSIDE walk in the front door financially destitute and come out the back door set for life.
In private industry, for the most part, the bottom line of a bid is usually what the billing price upon completion. This is just one reason why privatization is a better way to go. It is NOT always 100% fool proof, BUTT a hell of a lot better then government run operations. There is usually a better/higher quality final product, accountability if necessary and just as important, completed on schedule.
As we all know, in government there is NO ACCOUNTABILITY, no one’s feet are held to the fire on over-runs and it is not their money they are spending.
It would not surprise me in the least if the rail system in California went over the 100 billion mark.
The only light at the end of this tunnel is, the high speed MONEY TRAIN coming at the taxpayer$ dollar$.
Where big dollar$ are involved, corruption is always in the mix.