Cost of California’s Bullet Train Hits $98 Billion Due to Spiking Tunnel Costs
California’s bullet train appears to have released a “High Case” estimate of $98.1 billion to prepare the public for much higher tunneling costs.
California’s bullet train appears to have released a “High Case” estimate of $98.1 billion to prepare the public for much higher tunneling costs.
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.
Washington, DC, has issued the Boring Company its first commercial drilling permit for a Hyperloop tunnel that CEO Elon Musk promises will eventually offer a 29-minute service to downtown New York City. The drilling permit follows Musk’s July tweet that he had “verbal government
The cost to build the first 119 miles of California’s high-speed rail project across flat ground in the Central Valley has spiked to $89.1 million per mile.
The State of California issued the first tranche of taxable construction bonds last Thursday for the High Speed Rail Project, making it clear that it is determined to go ahead with the unpopular project despite numerous obstacles, including federal funding roadblocks thrown up by President Donald Trump.
Lieutenant Gov. Gavin Newsom announced on Wednesday that he now supports of California’s $64 billion high-speed rail system, after opposing it and withdrawing support for the controversial project just two years ago.
California state officials may betray the promise they made to Southern Californians that the projected $68 billion bullet train’s first completed section would run from Burbank to the Central Valley.
The infamous California High-Speed Rail may take an extra 15 years to build, travel underground through several very dangerous geologic faults, and rise in cost to $93 billion.
German engineering company Siemens is assembling a 50-foot, life-size model of California’s as-yet-unbuilt high-speed train on the steps of the state Capitol in Sacramento.