Your math is better than mine on that immediate point, but there has been a lot of underestimation. The UIC range was for actual projects or some that are in an advanced state of planning. The other one, which I think is actually the most relevant one to our circumstances, is the California High-Speed Rail Authority. Theirs is almost exactly $40 million Canadian for their 1,300 kilometres--a very comparable distance--from Sacramento to San Diego. If you want to examine one in detail, I would look at their numbers and see how they differ from the estimate you had earlier.
On June 9th, 2009. See this statement in context.