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Electrification only costs 1M$ a km. The inflated costs of the original N-S south for that section. It's the rails that are expensive to build.
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Then what is your point? You were going to provide diesel O-Train service. That requires rails too and we already own the entire right of way. The same cannot be said about the alternative.
I don't think there is any point in continuing this discussion. You can't argue about costs being too high when you already admit that your proposal is much more expensive.