President Donald Trump’s plans for an infrastructure bill may hit a snag with the Long Island Rail Road extension project that’s estimated to cost $12 billion in total — or nearly $3.5 billion for each new mile of track.
That staggering $3.5 billion price tag is seven times higher than the average cost in the rest of the world.
Many of those costs come from the city’s contractors and vendors, who typically profit margins that are 50 to 100 percent higher than in other countries.
Read more at:
http://dailycaller.com/2017/12/29/new-york-subway-track-deemed-most-expensive-mile-on-earth/
