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High speed rail project called ‘sexy’ but $90 billion price tag raises red flags

The head of the Crown corporation behind Ottawa’s proposed high speed rail corridor admits the project is “sexy” — but concedes Canadians have reason to be wary of a venture that could cost as much as $90 billion.

Blacklock’s Reporter says appearing before the Senate national finance committee, Martin Imbleau, CEO of Alto — the renamed VIA High Frequency Rail corporation — acknowledged public skepticism over whether the federal government can deliver the massive infrastructure build on time and on budget.

Disaster is written all over this pipe dream.

(Incognito)

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