Sunday, July 24, 2011

… average cost overrun for railroad projects amounts to 44.7%, and 84% of the times the rail passenger forecasts...

… average cost overrun for railroad projects amounts to 44.7%, and 84% of the times the rail passenger forecasts were wrong by more than 20%, and 90% of the times the rail passenger forecasts over-estimated traffic.
http://www.businessinsider.com/the-economics-of-china8217s-high-speed-rail-2011-7

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