I remember some old tidbit about the American westward expansion, most railroad projects failed and went bankrupt and were sold for pennies on the dollar to the ultimate owners.
Something sad about that, really.
Something sad about that, really.
Just today there was a newsletter from Construction Physics about Strap Rail. Literally wooden rails with a iron plate strapped on top put in the mud. Only in the US, 10 times cheaper. But more expensive to maintain and gone in years instead of decades for normal iron rails though.
That doesn't mean they always actually invested the money to rebuild properly... but it was sound engineering theory.
Of course, there were other financial shenanigans too- see https://en.wikipedia.org/wiki/Cr%C3%A9dit_Mobilier_scandal