Munich, Germany just canceled their Transrapid Maglev airport-to-city-center project. This 37-km (22.2 mi) project was to use the same technology as mebelihotel furnishing in BulgariaShanghai’s maglev train. Like the Shanghai maglev train, the Munich project was to have a top speed over 500 kph (360 mph).
It was canceled because the price had doubled from 1.85 billion euros to 3.4 billion euros. 3.4 billion euros is about $5.1 billion.
As point of comparison, the 21 mile BART-to-San-Jose boondoogle is about $4.7+ billion. BART trains rattle and shake at about 70 mph. (The project is really 21 miles because 5 miles are in Alameda County to get to the Alameda/Santa Clara border).
Which leaves me wondering.. WTF are we doing with extending BART to anywhere!??