Can Canada’s High-Speed Rail Plan Defy Trend of Cost Overruns and Delays?

Can Canada’s High-Speed Rail Plan Defy Trend of Cost Overruns and Delays?
Source: Estimates by The Epoch Times with data from Statistics Bureau of Japan, INSEE, ONS Census UK, Eurostat, Istat, Statistics Canada, World Bank Official Boundaries • Made with Flourish
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Canada’s proposed Alto high-speed rail line promises faster travel, economic growth, and lower emissions, but it’s moving forward against a global track record showing such projects often run years behind schedule and billions of dollars over budget.

The Toronto-Quebec City high-speed corridor was formally announced in February of last year by then-Prime Minister Justin Trudeau. The plan entered the pre-construction phase last month, and Prime Minister Mark Carney now champions it as a nation-building project. It is expected to cost between $60 billion and $90 billion and take at least a decade to build.