Private operators are probably waiting until the final Environmental Impact Report has been approved, all legal challenges to it have been exhausted, and some clear procedures for eminent domain have been approved. The last thing private operators want to do is commit to building a project that ends up very different from what they proposed to build, as happened to TML with the Chunnel Tunnel:
Quote:
|
In one instance, early in the project TML had asked for the IGC's approval to install standard 600-millimeter doors in the passenger car trains. The request became mired in red tape at the IGC, so TML went ahead and ordered the doors in an effort to keep up with its construction schedule. After the doors had been built, the IGC decided to mandate 700-millimeter doors. This change caused a nearly nine-month delay in the project and cost Eurotunnel a staggering US$70 million to rectify. Similarly, although the Chunnel was designed using seismic criteria used for nuclear power plants, the IGC decided midway through the construction process to increase the relevant design factor fourfold. Furthermore, the IGC decided in the final stages of the project to require the installation of an advanced electronic anti-terrorist system.
|
http://www.fundinguniverse.com/compa...y-History.html