President Trump has announced an investigation into the California High-Speed Rail project, citing its massive cost overruns and mismanagement. The project, initially estimated at $2.5 billion, now faces a potential cost of nearly $100 billion, according to recent reports. An inspector general audit revealed that the Federal Railroad Administration failed to adequately oversee the project, leading to a significant risk of not achieving its intended objectives. The state has also been accused of not meeting grant requirements and misrepresenting its spending.
At that point, the project had blasted through its budget and now may cost close to $100 billion. The subsequent inspector general report uncoveredThe Federal Railroad Administration did not adequately oversee the $2.5-billion grant, increasing the risk of the California High-Speed Rail Authority not achieving the purpose of the agreements.
The California High-Speed Rail Authority consistently failed to meet grant requirements, but the FRA did not take decisive actions, such as withholding funds, prior to May 2019. Needless to say, Trump has many reasons to be troubled with how California is being run, especially after seeing its leadership up-close-and-personal as part of hisGiven the success of the Department of Government Efficiency in uncovering the massive scale of waste, fraud, and abuse associated with the United States Agency for International Development ,“One of the things I want to investigate rapidly because I’ve never seen anything to this extent, the train that’s being built between Los...
“It is the worst thing, and we’re going to start an investigation of that because it’s not possible. I built for a living and I built on time – on budget,” he said. “It’s impossible that something could cost that much.”
CALIFORNIA HIGH-SPEED RAIL FEDERAL RAILROAD ADMINISTRATION BUDGET OVERRUNS WASTE FRAUD
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