erudyk_29
Active Member
There are many factors in why this is, but the biggest one I've seen suggested is the obsession with P3's (public-private partnerships).Are we uniquely bad at building rail transit in North America? It seems like every rail infrastructure project goes catastrophically over budget and takes an extra decade.
Builders are incentivised to low ball when it comes to costs and construction time in order to win the bid. Once they've gotten the bid there's no incentive to actually finish the project in a timely or on budget manner and actually the incentive is to drag it out in order to squeeze extra money out of the project.
If we want P3's to work we need to significantly increase late fines. I personally think they're just not a good model and the only reason we do them in the first place is because its easier politically. Countries like Spain and France are able to deliver transit projects of a similar or greater quality cheaper and on time by just not doing P3's and just getting it done themselves.
RM Transit has a great video about this.




