California has built a solid reputation for itself as a unique location where people with aspirations of taking innovations to another level can work on such plans in hopes of seeing them come to fruition, even in very tight budgets.
Another unique world is the world of innovation where for example we see the bullet train which is expected to connect southern and northern California. This was inaugurated in 2008 by voters and it is expected that the first passengers in this train would have their first ride in the year 2025 as against the initial plan or 2022.\
Despite delays in the execution of the plans, a major problem is funding. A new report indicated that the project cost has increased by over $2.8billion to handle that route which goes across Central Valley. The plan which was estimated at a cost if about $6billion has gone up to about $10.6billion and now the total target budget is put at $64billion. All this shows that the budget is more than 20% greater than all venture capital financings combined in the United States for the year 2016, which was $52.4 billion.
It is not the high-speed rail alone that is expensive. The cost of infrastructure is also on the high side across the state. The new eastern segment of the Bay Bridge cost $6.4 billion, due in large part to the complete inexperience of the panel deciding the design for the bridge. A large water infrastructure project called California WaterFix could cost as much as $26 billion to build tunnels to flow more water to the Central Valley and southern California.
California really has so much challenges. There are no much infrastructures in place and the growth of its citizenry continues to expand gradually and steadily and it is feared that the quantity of infrastructure currently available will not be easy to mange the amount of persons coming in future.
Cost disease seems to be the major problem confronting California . With the ever-increasing costs of areas of the economy like construction, education, health care, housing, and infrastructure, cost effective measures should be considered in tackling this problem headlong. For instance, Elon Musk’s Boring Company, which is attempts to massively improve the efficiency of existing boring technology to make digging tunnels exponentially cheaper.
Another is Take OneConcern which has come up with a software which helps cities to detect and respond quickly to disasters with the aid of machines. With this app, planning committee in cities can draw up scenario and take proactive measures to prevent and mitigate the effects of disaster.
PipeGuard is another example. The company, founded by MIT students developed a robot that can accurately scan sewer lines for leaks, without having to shut down water service for customers. There is an enormous opportunity for robots and drones to do everything from sewer inspection to tree censuses to bridge maintenance.
Kaarta is another example. This company makes a handheld device called Contour which allows users to scan territory into a precise 3D map. This tech could be used by city and state officials for everything from scanning the interiors of buildings to mapping the streetscape in a complex urban environment.
While most of these companies are still very young in the business world, it would be most beneficial if the services of these companies are tapped into to reduce the high and outrageously expensive cost of projects being carried out in California. Only time would tell if the administration of California would consider these options and thus save more in trying to carry out its laudable project goals.