Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why Government Infrastructure Costs 50 Percent More Than Private
Episode 60 of The Fiscal Policy Podcast with Fexingo digs into why governments consistently pay significantly more for infrastructure projects than private firms. Lucas and Luna examine a recent study of 1,500 global projects showing that public roads, bridges, and transit systems average 50 percent cost overruns compared to private benchmarks. They focus on California's High-Speed Rail Authority, which spent $6 billion on 119 miles of track in the Central Valley — roughly $50 million per mile, triple the per-mile cost of Spain's high-speed rail. The hosts unpack the structural…
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