The Anaheim to Las Vegas corridor maglev train proposal.
The corridor,
at a cost of $45 million per mile, can be constructed within the Federal Railroad Administration’s published range for “European style high-speed rail” cost per mile parameters. The preliminary cost estimate for the project is $12-$15 billion dollars which includes technology components, guideway infrastructure, stations, operation and maintenance facilities, right of way, and engineering construction management and training.
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Canine isn't shy in stating that Maglev technology is expensive. Actual construction costs are unknown, he says, "because no Maglevs have been built in the U.S. -- yet." In his interview with CGE below,
Canine says he believes per-mile costs could be in the $13-14 million range
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I believe the Shanghai maglev train worked out to be around $70 million per mile and that was the first one ever built commercially meaning the price was at it's highest. As it gets more prominent the construction costs should go down significantly as does all new technology that gets more prominent use. Don't know where this billion per mile numbers are coming from.