California Bullet Train Cost Doubles to at Least $77.3 Billion
The “Base Case” estimated cost to build California’s bullet train from San Francisco to Los Angeles has doubled to $77.3 billion, and could almost triple to $98.1 billion.
The “Base Case” estimated cost to build California’s bullet train from San Francisco to Los Angeles has doubled to $77.3 billion, and could almost triple to $98.1 billion.
The California legislature’s Democrats and Republicans voted unanimously on Tuesday to have the budget-busting High-Speed Rail Authority subjected to a nonpartisan review by State Auditor Elaine Howle.
A California Supreme Court ruling last week in favor of environmentalists opposing the state’s reopening of an abandoned lumber train may cost the state’s $46 billion over-budget high-speed rail project another four years, and $15 billion.
California Governor Jerry Brown vetoed a bill Wednesday that would have increased financial oversight of the state’s high-speed rail project, which aims to connect San Francisco to Los Angeles but lacks the necessary funds and rights of way.
With the California High-Speed Rail Authority (CHSR) announcing another four-year delay in building the first link of its system, the cost for California’s ultimate boondoggle may increase by another $15 billion, to $79 billion.
Despite El Niño generating three times the amount of snow in Mammoth in the first half of this month as it did for the entire month of November last year, California’s failure to build infrastructure means most rain will be lost to run-off and flooding.