Bullet train cost estimates rise to $98.5 billion

California's bullet train will cost an estimated $98.5 billion to build over the next 22 years, a price nearly double any previous projection and one likely to trigger political sticker shock, according to a business plan scheduled to be unveiled Tuesday.

In a key change, the state has decided to stretch out the construction schedule by 13 years, completing the Southern California-to-Bay Area high speed rail in 2033 rather than 2020.

The delay allows inflation to drive up the price over the additional years of construction.

The California High-Speed Rail Authority, the state agency running the project, plans to unveil the new business plan in a news conference Tuesday morning in Sacramento.

Continue reading >>

RELATED:

Union Pacific voices major objections to bullet-train plans

California bullet train: The high price of speed

-- Ralph Vartabedian, Los Angeles Times

Photo: Union Pacific says risks could arise as bullet trains sail past the company's freight lines. Above, a Union Pacific rail yard in Rialto. Credit: Irfan Khan, Los Angeles Times / May 13, 2004

Copyright © 2019, Glendale News-Press
EDITION: California | U.S. & World
54°