New cost estimate for California high-speed project puts it deeper in the red

Canada News News

New cost estimate for California high-speed project puts it deeper in the red
Canada Latest News,Canada Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 96 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 82%

The latest report from the California High-Speed Rail Authority projects costs for the initial segment at $35 billion, which exceeds secured funding by $10 billion.

When Gov. Gavin Newsom unveiled his scaled-down blueprint for the California bullet train four years ago, he proposed building a 171-mile starter segment in the Central Valley that would begin operating in 2030 and cost $22.8 billion.

“It is in jeopardy,” Elkind said. “It is dicey. There is no path forward for the full Los Angeles-to-San Francisco system. It is important that they get something done.” “There has never been an easy time for this project,” he said. “Nothing’s ever been easy here. This project has never had full funding.”

“In no way, shape, or form should the federal government allocate another dollar to California’s inept high-speed rail,” McCarthy said in a statement to CalMatters. “The California High-Speed Rail Authority has missed countless timelines and deceived the public about costs, which are exorbitantly higher than originally estimated.”

The report also indicates that the date for operating the 171-mile system could stretch out to 2033 from 2030, which would delay the public benefits and account for cost pressures. Construction has been held up because of problems relocating utilities, such as underground sewers, water lines and gas pipes. About half of the 2,800 projects to relocate underground utilities have not been completed, according to a separate status report issued by the rail board’s finance and audit committee. Two dozen major structures, such as viaducts and bridges, have not even started construction.

“It is on life support now,” said Sen. Brian Jones, a San Diego County Republican and Senate minority leader. “The governor has not been able to deliver on any of his promises.” The entire pool of money for rail enacted in the law is $75 billion, so $8 billion would appear to be a reasonable share for California. But the Biden administration and Congress were far more generous to the Amtrak system in the law, allocating roughly $24 billion to its operations while failing to set aside any guaranteed chunk of money for California. Moreover, there are other passenger rail systems in California, which may want a share of any money headed to the Golden State.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New cost estimate for high-speed rail puts California bullet train $100 billion in the redNew cost estimate for high-speed rail puts California bullet train $100 billion in the redThe latest report from the California High-Speed Rail Authority projects costs for the initial segment at $35 billion, which exceeds secured funding by $10 billion. Other segments of the system are likely to have their projected costs increase, too. The state hopes it will get more federal aid.
Read more »

‘High’ flood risk as California storm delivers massive amounts of snow and rain‘High’ flood risk as California storm delivers massive amounts of snow and rainDangerous flooding could occur as heavy rain falls on snowpack in central California’s coastal range and in the foothills of the Sierra Nevada.
Read more »

Parents livid over California school's 'mandatory' drag showParents in Elk Grove, California, are livid after a Pleasant Grove High School assembly featured a drag show that they say was inappropriate and mandatory.
Read more »

California’s Attorney General Is Suing Huntington Beach For Blocking New HousingCalifornia’s Attorney General Is Suing Huntington Beach For Blocking New Housing🧵: California Attorney General Rob Bonta announced a new lawsuit on Thursday targeting the city of HuntingtonBeach for violating state housing law.
Read more »

New atmospheric river storm barrels toward CaliforniaNew atmospheric river storm barrels toward CaliforniaThe new atmospheric river is known as a “Pineapple Express” because it is a deep tap of warm subtropical moisture stretching over the Pacific to Hawaii.
Read more »

California flooding: New storm threatens to bring heavy rain to places still covered in snowCalifornia flooding: New storm threatens to bring heavy rain to places still covered in snowMuch of California is under a significant risk of excessive rainfall that could inundate places already devastated by severe flooding earlier this year.
Read more »



Render Time: 2025-03-01 20:33:31