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High-speed rail costs could reach $113 billion, 25% more than estimated, PBO warns

The PBO report, based largely on previous high-speed rail projects in Europe and the United States, notes that the details of the proposed route have not yet been made public, and that much of the route will need to go through costly, rocky Canadian Shield. Dense, urban areas, such as the Montreal area, are also more difficult and costly for a rail project.

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