Is California’s high-speed rail project the biggest infrastructure boondoggle in history? With $13 billion of taxpayer money spent and nothing to show for it, it’s certainly got to be high on the list, and the project’s new CEO just made things comically worse.
A public bond covering about one-third of the estimated cost was passed in 2008, while politicians promised the train service would open by 2020. It is now five years past that deadline, and not a single track has been laid. If that’s not a picture of inefficiency, I don’t know what is.
RELATED: California’s $113 billion Bullet Train to Nowhere
Given the abject failure of California’s government to deliver something tangible for all the money it has spent, a new CEO has been brought on board to manage the project. Ian Choudri was appointed in August and is taking an upbeat approach, claiming that…
