Columnist Joe Eskenazi is the Managing Editor of Mission Local. On September 26th his vivid critique of the Central Subway Project concluded that the Central Subway is a “grotesquely over-budget and behind schedule rail project…that will bleed Muni for years”.
Here’s how bad it is. At $2 billion the Central Subway, with only 76% of its 1.7 miles actually in subway will come in at $1.2 billion per mile. The table below, which came from a comprehensive ENO study of urban rail project costs in 9 countries throughout the world indicates how this Bay Area subway price compares to similar projects elsewhere.
For the ENO report see: https://projectdelivery.enotrans.org/international/
As Mr. Eskenazi notes, this ill-conceived, politically-motivated project will forever hang as a financial load stone around MTA’s neck. Here’s why: