Why does it cost so much to build things in America?
Researchers have ruled out some of the more obvious potential explanations for why these projects cost more in the US.
As transit researcher Alon Levy writes in a report for the Niskanen Center, “This is not about our wealth: there is no correlation between a country’s GDP per capita and its subway construction costs. Nor is it about geological factors: the biggest factor behind a project’s cost is what country it is in, and costs are fairly consistent even across different geologies ... This is purely institutional.”
And when it comes to roads and the bulk of the high costs — “the new construction bit” — Turner says even though he has “no idea why those prices are increasing,” he can “eliminate a lot of things.” Turner explains that common theories like unions or the way we’re building roads or where we’re building them (for example, in more urban areas) are not supported by statistical evidence.
Time is money, money is power, power is delaying transportation projects
https://www.vox.com/22534714/rail-roads-infrastructure-costs-america
h/t Shane D. Phillips / #UCLALewisCenter
#housing #construction #constructionCosts #NIMBY #NEPA #Obstructionism #VetoPower #TimeIsMoney #MoneyIsPower