I've read every line of a 300,000 line web application in less than a year working at a company. I doubt I could write that many lines of code in that amount of time.
300,000 lines of code doesn't seem unattainable for a single developer in a year. If I'm in the zone, I can easily bang out 5-10k lines of code over a weekend if I know what I want to write.
But that's the thing: a lot of development involves not writing any code, as you re-think your abstractions, plan the architecture of the next bits you'll write, debug what you've written, etc.
So I don't think we're necessarily talking about speed when we say that it's harder to read code than to write it. I think reading -- and truly understanding -- code (especially when it's someone else's, or even yours, that you haven't seen in a long time) can require quite a bit more mental effort than writing code.
Interesting. I usually think about it at a different scale; its much easier to write something small and clever than it is to read and understand it later.