The cost to build California’s ambitious but long delayed high-speed rail line has once again risen, with rail officials now estimating it could take up to $105 billion to finish the line from San Francisco to Los Angeles.
The project’s price tag has steadily risen since voters first approved nearly $10 billion in bond money for it in 2008, when the total cost was pegged at $40 billion.
— KOVR Sacramento
The additional need for money stems from necessary sound barrier upgrades and repositioning of the train away from the Central Valley’s Cesar E. Chavez National Monument, according to project officials. The state is confident it can raise the necessary funds from the new federal infrastructure bill, which includes about $55 billion in allocations for transit grants over the next four years.
The 500-mile-long project is still severely lagging in the area of public funding but has nevertheless managed to acquire about 90% of the land parcels needed to complete the project, according to an updated 2022 budget plan released by the California High Speed Rail Authority. A portion of the project is also being funded by the state’s cap-and-trade program, which has been itself been under-resourced as a partial result of the reduction in travel caused by the coronavirus.
3 Comments
What happened to the Hyperloop? That was only going to cost $6B ...
http://www.uschyperloop.com/hyperloop
lol
First segment is between Bakersfield and Merced - If Kevin McCarthy(R) Bakersfield becomes speaker, he's going to put a halt to it.
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