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It's another victim of Cost Disease: https://slatestarcodex.com/2017/02/09/considerations-on-cost...

>The first New York City subway opened around 1900... it suggests costs of... $1-4 million per kilometer... inflation-adjusted equivalent of $100 million/kilometer today... a new New York subway line being opened this year costs about $2.2 billion per kilometer, suggesting a cost increase of twenty times...



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