
"This article presents results from
the first statistically significant study of cost escalation in
transportation infrastructure projects. Based on a sample of 258
transportation infrastructure projects work US$90
billion and representing different project types, geographical regions,
and historical periods, it is found with overwhelming statistical
significance that the cost estimates used to decide whether such projects
should be
built are highly and systematically misleading. Underestimation
cannot be explained by error and is best explained by strategic
misrepresentation, that is lying. The policy implications are clear:
legislators,
administrators, investors, media representatives and members of the public
who value honest numbers should not trust cost estimates and cost benefit
analyses produced by project promoters and their analyst."
Here is the link to the complete article (17 pages)
http://www.planning.org/japa/pdf/JAPAFlyvbjerg.pdf
To learn more about the true cost of light rail, please contact:
Sally L. Baptiste
Citizen for Ethics and Accountability in Government
Citizen for Reform in Education, Transportation and Campaign Finance
PO Box 720685
Orlando, FL 32872
407-761-9016