Why can't they just build a standard tarmac road, with central crash barrier, and have drivers steer? Surely a lot cheaper, and the road would still be reserved just for buses.
I don't get the need for the guidance bit, unless I'm missing something stupidly obvious.
I think I've seen it suggested that guided busways are useful on old railway alignments because old railways tend to be narrower than road alignments. As a result, if you want two buses to pass each other safely at speed without a guided system, you'd need to carry out more earthworks, rebuild more structures and acquire additional land. I'm prepared to be proved wrong on this, though.