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Britain is building one of the world's most expensive railways. Many people now think it's pointless [CNN]

ALSTOM UNSP/ADR (ALSMY) 
NASDAQ:AMEX Investor Relations: alstom.com/investor-relations
Company Research Source: CNN
If you want to build that railway through one of Europe's most densely populated countries, expect the costs and opposition to increase dramatically. With its first — and now only — phase currently costed at between $58.4 billion and $70 billion by the UK government, Britain's High Speed 2 (HS2) rail project now costs an eye watering $416 million per mile. It's a metric that gives it the dubious honor of being the world‘s most expensive railway project. Ad Feedback Ad Feedback Only the equally troubled $128-billion California High Speed Rail project in the United States comes close to matching HS2's soaring costs, with some estimates suggesting that it could top out at $200 million per mile. For comparison, the Tours-Bordeaux TGV line in France cost around $32-$40 million per mile in the mid-2010s — although much of that line runs through sparsely populated agricultural regions. European high speed rail projects outside the UK typically cost around $66.4 million per mil Show less Read more
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