California bullet train cost rises by another $1 billion

The estimated cost to complete California’s high-speed rail line rose another $1.3 billion, to $80.3 billion, while construction is on schedule to meet a 2022 deadline to have about 20% of the track laid, according to a new business plan released Wednesday.

The cost bump is less than in previous years, and is mainly because the plan pushes back the completion of a high-speed rail link between Silicon Valley and the Central Valley by 18 months, to late 2031.

The California High-Speed Rail Authority’s latest business plan comes amid pressure from state lawmakers, some of whom want to peel off more of the money to help commuters in the state’s population centers. The 168-page report attempts to counter those critics by emphasizing the $3 billion already going to so-called “bookend” projects in the Los Angeles and San Francisco Bay areas. …

Click here to read the full article from the Associated Press.

Comments

  1. Anyone who understands the “Tax and Spend” politicians of California knew this was in the pipeline from the outset and could have figured it out with a broken pencil.

  2. Gotta Gedada Diaplace says

    Once again, WHERE is any word about contracts FOR and spending on TRAINS ? (You know the part that actually MOVES ? “Testing” trains by 2025 is not BUYING trains. THIS surely has the record for the largest REAL ESTATE FRAUD in the State, if not the Nation !

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