![]() ![]() There is no path forward for the full Los Angeles to San Francisco system. The cost estimate for the initial 171-mile segment now exceeds the $33 billion estimate for the entire 500-mile Los Angeles to San Francisco system when voters approved a bond in 2008.Įthan Elkind, who watches California transportation issues as director of the climate change program at UC Berkeley’s law school, said the mounting problems cloud the project’s future. ![]() What’s worse, that full system cost is set at up to $128 billion in the update, leaving a total funding gap of more than $100 billion for politicians to ponder. The cost of that partial system is now higher than the $33 billion estimate for the entire 500-mile Los Angeles to San Francisco system when voters approved a bond in 2008. New cost figures issued in an update report from the California High-Speed Rail Authority show that the plan to build the 171-mile initial segment has shot up to a high of $35 billion, exceeding secured funding by $10 billion. That’s raising fresh concerns about the future of the nation’s largest infrastructure project. Today, the blueprint is fraying - costs now exceed future funding, an official estimate of future ridership has dropped by 25%, and the schedule to start to carry people is slipping. 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. ![]() The state hopes it will get more federal aid. Other segments of the system are likely to have their projected costs increase, too. 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. ![]()
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