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Chinese infrastructure news releases almost never compare original budget and actual spend side-­by-­side, J-Capital Research reported in 2012. With a 139% overrun, the Beijing – Shanghai high speed railway exceeded its original budget by RMB 128 billion.

J Capital Research: 'Year of the white elephant', high speed rail in China, 2012 (extract)

Bloomberg report on estimating wasted infrastructure spend in China, 2014-12-01

Written by beleben

August 4, 2016 at 10:18 am

Posted in High speed rail, HS2, Politics

Tagged with ,

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