No, I said one particular cost had been underestimated, and that was according to the Van Horne study of the line between Calgary and Edmonton with one stop at Red Deer. I haven't examined that study carefully enough to know which parts of it they've underestimated. I've just compared the total costs with the total costs of equivalent studies, and it's an outlier. The lowest cost elsewhere in the world I found was $17 million. Their cost was $11.5 million, or maybe about $13.5 million today, and the cost goes as high as $53 million per kilometre. I think that something in order of $40 million a kilometre is a good number to look at, and that's the one we use in our book, although we use U.S. dollars in the book.
On June 9th, 2009. See this statement in context.