I have a silly question. Why do these big projects cost us so much more to do these days? We built the Federal Interstate System, a project that took 35 years to complete, runs almost 48,000 miles and adjusted to 2006 dollars cost a total of $425B. Just for fun lets round it up and say that in 2015 dollars it cost an even half trillion dollars.
I know that this isn't an apples to apples comparison but it is pretty damn close. I imagine that laying track is roughly equivalent to building a 4 lane highway and the rest of the work is about the same exact work. Obviously the track needs more specific pieces of land because it needs to be straighter but still, 48,000 miles for half a trillion dollars. Now we should be much more efficient today but could you imagine how many trillions it would cost us to do build a single new coast to coast interstate today?
Just to give some reference, the Lake Pontchartrain Causeway, the longest bridge in the world period as of 2011 and now considered the longest bridge over water (continuous) in the entire world at 23.82 miles cost $57M in 1956 for both 2 lane spans (someone want to adjust that for inflation?). Katrina wiped out the twin spans in New Orleans, which is part of the interstate system I-10, in 2006 we built a pair of 3 lane bridges 5.4 miles long to replace the old fucked up ones, total cost was $831M.
The differences between the two projects are immense. They had to literally invent new ways to build the causeway. They couldn't transport the big ass concrete sections across land to the lake so they built an entirely new facility right on the lake, made the concrete pillars and roadways virtually on site, and barged them straight to where they were needed. It was also one of the first uses of pre-stressed concrete so cutting edge materials of the time were used.
The new Twin Spans didn't require purchasing a huge piece of property on site, construct a brand new plant for the sole purpose of building the components of the bridge and we have vastly more efficient machines that are absurdly more capable than what they had in the 50's.
Tl;Dr
Causeway = 2 bridges * 2 lanes each * 24 miles = 48 miles of bridge at a cost of $57M ($500M adjusted for inflation, thanks Eski) and required a new cutting edge concrete/big ass concrete road section and concrete pile making plant to be built on the lake and is the longest bridge in the damn world.
Twin spans = 2 bridges * 3 lanes each * 5.4 miles = 32.4 miles of bridge at a cost of $831M.
Edit: Mixed up $M and $B because of all the adjusting for inflation, thanks Eski