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Old 12-29-2017, 10:40 AM
 
3,716 posts, read 1,666,317 times
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If there were an Uneconomics forum, this thread would belong there. But, as things are..maybe it belongs in Politics? Anyway,

https://www.nytimes.com/2017/12/28/n...T.nav=top-news

"The leaders entrusted to expand New York’s regional transit network have paid the highest construction costs in the world, spending billions of dollars that could have been used to fix existing subway tunnels, tracks, trains and signals."

"The estimated cost of the Long Island Rail Road project, known as “East Side Access,” has ballooned to $12 billion, or nearly $3.5 billion for each new mile of track — seven times the average elsewhere in the world." The rest of the world includes Shanghai and Singapore, sure, but it also includes London, Paris and Tokyo.

“They’re claiming the age of the city is to blame?” asked Andy Mitchell, the former head of Crossrail, a project to build 13 miles of subway under the center of London, a city built 2,000 years ago. “Really?”

Overstaffing, $1000/day wages, "consultants", etc.

On the eve of an attempt to fix America's infrastructure this story is timely. How can we do it without impoverishing ourselves and, likely, wind up with little to show for it?
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Old 12-29-2017, 11:36 AM
 
Location: New York City
6 posts, read 2,116 times
Reputation: 23
Those millionaires in LI, many are owners and contractors that are part of the larger scam of scamming the people of NYC. Billing millions for work that doesn't involve actual working on the project. Government pay workers very little, one look at NYC.gov job bulletin they pay below market rate. But yet they got bosses that ok million $$ projects that doesn't do anything but run studies or help analyze risk or assess project, and just pork roll without even doing labor on the subway construction. Once that starts, billions would be needed to keep the money pit going. Too many crooked bosses and their underlings.
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Old 12-29-2017, 12:10 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,198,298 times
Reputation: 10872
You easily spend trillions in infrastructure repair/upgrades in just NYC alone.

Incredible city, I lived there for about a year when I was young. Neat to live there if you are loaded, I was and am not, so I left.
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Old 12-29-2017, 12:32 PM
 
Location: Great Britain
8,589 posts, read 2,900,085 times
Reputation: 5127
NYC needs to look at it's finding, there are numerous ways the city can bring in money through congestion charging and other such policies put in place in other cities.

Subway Fares have also been historically lower in NYC than in some cities and there may need to be fare rises if the Subway is going to be brought up to date.

Paris is currently building the Grand Paris Express (£20 Billion), whilst London is nearly completing Crossrail (£15 Billion) and Thameslink (£7.5 Billion) as well as the Northern Line extension to Battersea (£1.2 Billion), and has massively upgraded most of it's Underground network and much of it's trains and rolling stock (£10 Billion). Future major London projects include Crossrail 2 (£31 Billion) and the Bakerloo Line extension (£3 Billion), as well as Silvertown Tunnel (£1 Billion) and the Lower Thames Crossing Tunnel (£6 Billion).
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Old 12-29-2017, 02:06 PM
 
Location: WA
5,292 posts, read 20,697,476 times
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All of the trains including subways in NY were built and operated at a profit by private industry. It is the wonder of government that makes upgrades and expansion unbelievable.
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Old 12-29-2017, 03:41 PM
 
1,704 posts, read 1,520,484 times
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Quote:
Originally Posted by cdelena View Post
All of the trains including subways in NY were built and operated at a profit by private industry. It is the wonder of government that makes upgrades and expansion unbelievable.
FWIW, Tokyo has government and private systems co-existing.

https://en.wikipedia.org/wiki/Tokyo_subway
https://en.wikipedia.org/wiki/Transp..._Greater_Tokyo
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Old 12-30-2017, 06:54 AM
 
Location: Fairfax County, VA
1,387 posts, read 600,855 times
Reputation: 2723
The necessity of city transit systems is more persistent than their profitability.
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