Who is funding the Suburban rail Loop?
Who is funding the Suburban rail Loop? Victoria has committed $11.8 billion to the new underground rail line between Cheltenham and Box Hill and secured $2.2 billion from the Albanese government ahead of tunnelling starting in 2026.
Why is building rail so expensive in the US?
However, building infrastructure in the U.S., especially subways, is very expensive. This CNBC report shows that building subways in the U.S. is more expensive than in most countries because of high labor costs, overbuilt tracks and stations, and onerous regulations.
Can the US afford high-speed rail?
The interstate highway system cost $129 billion — roughly $290 billion in current dollars — and took 35 years to complete, running from 1957 to 1992. The $1.2 trillion infrastructure bill enacted in 2021 has $102 billion for rail, but none of the money is set aside for high-speed rail.
Why the US should not invest in high-speed rail?
High-Speed Rail Is Too Expensive Building the 48,000-mile Interstate Highway System cost about $500 billion (in today's dollars). Paid for entirely out of user fees, it carries about 25 percent of all passenger travel and 15 percent of all freight in the United States.