One thing I learned about on my recent trip to Australia was a proposal to build five “metro” (i.e., subway) lines in Sydney. The first line on the agenda is expected to cost AU$12.5 billion (which, at current exchange rates is US$12.5 billion) for 38 kilometres (which, at U.S. exchange rates, is 24 miles), or about half a billion dollars a mile.
The fact that $12.5 billion is about three-fourths of the money that New South Wales plans to spend on transport over the next fifteen years doesn’t bother transit officials a bit. In fact, I suspect they are rather proud of it.
One plan is to privatize New South Wales’ government-owned electric utility to fund the metro. That’s a great way to waste public assets. It might be better to keep the electric utility public until the state’s leaders come to their senses.
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Of course, some naysayers think that the metro plan is just a fantasy. Sydney isn’t dense enough to support a subway, and this particular plan is infeasible from an engineering viewpoint. The scuttlebutt I heard in Sydney is that the tunnels they want to build in (they already have tunnels and it will still be half a billion a mile?) are too steep for the railcars they want to run. Other scuttlebutt says that the plan has only been raised because it is an election season.
How dense does a city have to be to justify a subway? The Baltimore, Los Angeles, and Miami subways are pretty much failures. New York’s subway works, but the cost of building new ones is (or should be) prohibitive. But here is a subway that actually makes a profit. (Sorry about the annoying pop-up ad.) Not that any of us would enjoy riding it.
